Producer prices continue rising in Q3

TIRANA, Dec. 12 – The Producer Price Index, (PPI) registered another increase during the third quarter of this year, growing by 0.9 percent compared with the second quarter and 0.4 percent year-on-year, according to INSTAT data.
The extractive industry producer prices dropped by 2.4 percent compared to the second quarter but were 6.5 percent up year-on-year. The index of the extraction of energy products was 18.6 percent up year-on-year despite a 3.2 percent drop compared to the second quarter of 2010. PPI in the extraction of crude oil and natural gas was also 18.6 percent higher than the third quarter of 2009. The processing and agricultural industries also registered slight increases both quarterly and year-on-year.
Meanwhile, the production and distribution of electricity, gas and water dropped 16.3 percent year-on-year.
PPI for domestic products registered a 2.4 percent growth compared to the second quarter mainly because of higher prices in the processing industry which were up 4.1 percent.
The export price index dropped by 2.5 percent mainly because of lower prices in the extractive, processing and food and drink production industries.
The index measuring the average change in selling prices received by domestic producers of goods and services over time, showed PPI in the second quarter of 2010 increased by 0.3 percent compared to the first quarter and 0.2 percent year-on-year.