Thursday, 30 March 2023 17:36

Oficina Nacional de Censos details Producer Prices as of february 2023 were 129.68

Written by Evelyn Alas

According to the Oficina Nacional de Estadísticas y Censos (ONEC), of the Banco Central de Reserva (BCR), the General Producer Price Index as of february 2023, was 129.68 with a monthly variation of 30%, reflecting an increase in prices in relation to january section with higher growth in real estate activities.

ONEC data show that the result of the increase in prices was in nine of the thirteen sections that comprise the indicator, to which they contribute the most, for example: real estate activities, administrative and support services activities, artistic, entertainment and recreational activities.

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The monthly variation of the producer price index from february 2022 to february 2023, a period in which april, july and november of last year stand out for being the periods with the highest price increases, resulting from higher costs for the manufacturing industry; accommodation and food service activities.

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In addition, professional, scientific, technical activities and electricity, gas, steam, and air conditioning supplies. Highlighting that in october 2022 in which there was a decrease mainly influenced by a reduction in prices of transportation and storage activities.

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The annual variation last month was 5.03%, due to the increase in prices in twelve of its thirteen sections with respect to february of last year.

Likewise, the sections with annual variation reflecting increase in their prices are: Manufacturing industries 8.04%, accommodation and food service activities 5.8%, arts and entertainment activities 5.45%, real estate activities 4.71%.

 

Translated by: A.M