Wednesday, 10 May 2023 01:24

Producer Prices of electricity supplies increased 0.25% to march 2023

Written by Evelyn Alas

The Oficina Nacional de Estadísticas y Censos (ONEC), of the Banco Central de Reserva (BCR), explains in its bulletin that the Índice de Precios al Productor (IPP) that in march this year was 130.01 with a monthly variation of 0.25%, reflecting an increase in prices compared to february 2023.

Likewise, it points out that the section with the highest growth was electricity, gas, steam and air conditioning supplies, manufacturing industries and real estate activities.

The monthly variation of the producer price index from march 2022 to march 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, professional, scientific, technical activities and electricity supplies.

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In addition, the annual variation reflecting increases in their prices are: manufacturing industries 7.39%, accommodation and food service activities 5.46%, arts, entertainment and recreation activities 5.32%, real estate activities 4.73%, administrative and support service activities 2.67%, teaching 2.55%, transportation and storage 2.21%.

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Also, the Oficina de Censos highlights that the accumulated variation as of march of this year is 0.95%, data that reflects price increases with respect to december 2022, being the increases reported in artistic, entertainment and recreational activities.

The section that reported a decrease in its costs was: transportation and storage, registering -2.01%.

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There was only one section that showed no change was water supply, sewage disposal, waste management and sanitation activities.

 

Translated by: A.M