News Releases

L-Indiċi tal-Prezzijiet tal-Produtturi Industrijali: Marzu tal-2023
NR074/2023
Data tal-Ħruġ: 28 taʼ April 2023
Cut off Date: 25 taʼ April 2023
During March 2023, the industrial producer price index registered an increase of 3.95 per cent when compared to the corresponding month of 2022.

Annual comparison

When compared to March 2022, the industrial producer price index increased by 3.95 per cent. Price increases were registered in the capital goods (10.19 per cent) and in the consumer goods (8.90 per cent). On the other hand, a drop of 0.20 per cent was recorded in the intermediate goods. No price change occurred in the energy sector.

Industrial producer prices for the domestic market increased by 2.78 per cent.  Price rises were recorded in the consumer goods (7.54 per cent), in the capital goods (2.59 per cent) and in the intermediate goods (0.85 per cent).

Non-domestic prices increased by 4.72 per cent. The prices of goods destined to the non-euro area rose by 4.97 per cent while those destined to the euro area increased by 4.24 per cent (Table 2).

Monthly comparison

During March 2023, the industrial producer price index increased by 0.44 per cent when compared to February 2023. Capital goods and intermediate goods  went up by 1.43 per cent and 0.84 per cent respectively. On the other hand, consumer goods declined by 0.36 per cent. There were no price changes in the energy sector.

Domestic market prices went down by 0.31 per cent due to a drop of 1.31 per cent in the intermediate goods. On the contrary, an increase of 0.05 per cent was registered in the consumer goods.  No price changes were registered in the capital goods sector.

Non-domestic prices increased by 0.94 per cent. The prices of goods destined to the non-euro area rose by 1.24 per cent while those destined to the euro area increased by 0.36 per cent (Table 3).

Chart 1. Industrial producer price index

(2015=100) for total industry

No Data Found

Additional Tables and Charts

Methodological Notes

1. The Industrial Producer Price Index (IPPI) monitors the changes in selling prices of all leading products within a sample of around 80 large enterprises which account for over 80 per cent of the total industrial turnover.

2. The pricing point for the monthly price collection is the 15th day of the month or the nearest trading day prior to that date.

3. The methodologies and guidelines used are set by Eurostat and the International Monetary Fund (IMF).

4. Commission Implementing Regulation 2020/1197 specifies that it is the objective of the Industrial Producer Price Index to measure the development of transaction prices from the point of view of the producer. The observed producer price is the basic price that excludes VAT and adds subsidies on products received by the producer.

5. Euro area exports are transactions between Maltese enterprises and enterprises within the euro area. The euro area includes Austria, Belgium, Cyprus, Estonia (from 2011), Finland, France, Germany, Greece, Ireland, Italy, Latvia (from 2014), Lithuania (from 2015), Luxembourg, the Netherlands, Portugal, Slovakia, Slovenia, and Spain. These are classified as ‘non-domestic euro-area’. The ‘non-domestic non-euro area’ covers transactions between Maltese enterprises and enterprises within the non-euro area. Examples include the USA and Sweden. The latter country is in the EU but does not use the euro currency. Transactions among local resident enterprises are considered ‘domestic’.

6. The objective of Main Industrial Groupings (MIGs) is to provide an activity breakdown of industry using the internationally recognised classification of economic activities (NACE Rev. 2 Sections B, C, D and E) in terms of demand-based products: intermediate goods, energy, capital goods, durable consumer goods, and non-durable consumer goods. These regroup NACE Sections B to E and cover the following economic activities: quarrying, manufacturing, electricity and water supply.

7. Figures for the last three months are to be considered provisional and subject to revision. However, in exceptional cases, past data may also be revised.

8. The figures in this news release are unadjusted, that is, there are no working-day or seasonal adjustments.

9. More information relating to this news release may be accessed at:

Sources and Methods

Statistical Concepts

Classifications

10. References to this news release are to be cited appropriately.

11. Statistics in this News Release should be interpreted in context to the unprecedented developments and restrictions related to COVID-19.
 
12. Weighting structure by Main Industrial Groupings.
Main Industrial Grouping (MIG) Total (Flow)
Intermediate goods 34.7
Energy 14.9
Capital goods 17.6
Consumer goods 32.8
Durable consumer goods 2.0
Non-durable consumer goods 30.8

13.  A detailed news release calendar is available online

14. For further assistance submit your query through our online request form.  

L-Indiċi tal-Prezzijiet tal-Produtturi Industrijali: Marzu tal-2023
NR074/2023
Data tal-Ħruġ: 28 taʼ April 2023
Cut off Date: 25 taʼ April 2023
  • FʼMarzu tal-2023, l-Indiċi tal-Prezzijiet tal-Produtturi Industrijali rreġistra żjieda taʼ 3.95 fil-mija meta mqabbel mal-istess xahar tal-2022.
  • L-akbar tibdila fil-prezzijiet kienet iż-żjieda taʼ 10.19 fil-mija fl-oġġetti kapitali.
  • Meta mqabbel max-xahar taʼ qabel, l-Indiċi tal-Prezzijiet tal-Produtturi Industrijali telaʼ bʼ0.44 fil-mija.
Kalkulatur tal-Inflazzjoni Kalendarju tal-Istqarrijiet tal-Aħbarijiet Talbiet għat-Tagħrif Mistoqsijiet dwar il-Kodiċi tan-NACE
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