Both indigenous products and their imported counterparts saw their prices fall over one month, by 0.5% and 0.7% respectively.
Producer and import prices (PPI) accentuated their decline in November over one month, falling by 0.6% after 0.3% in October and 0.1% in September. Over one year, the erosion now reaches 1.5%.
The PPI index now stands at 106.3 points, indicates the Federal Statistical Office (FSO) in a periodic situation update on Monday.
Accounting for almost a third of the producer price sub-index, chemical and pharmaceutical products showed a contraction of 2.0%. Benefiting from much lower weightings, metals and metal products, on the other hand, increased in price by 0.2% and petroleum products by 1.4%. Manufactured products intended for the domestic market marginally increased by 0.1%, while those intended for export fell by 1.1%.
On imports, the bill for energy agents fell by 3.5%, notwithstanding an increase in price of almost 3% for petroleum products. Also representing more than a quarter of the total value of imports, chemical and pharmaceutical products fell by 1.4%. The prices of cars and spare parts have not changed.
Business
