Manufacturing prices continue to rise

Prices in manufacturing industry increased further in January. Selling prices were more than 11 percent up on twelve months previously, i.e. half a percentage point higher than in December 2010. 

Manufacturers in nearly all branches raised their prices. With nearly 27 percent, petroleum refineries showed the most substantial price increase. Chemical products cost nearly 22 percent more than one year previously. With nearly 17 and 11 percent respectively, price increases of basic metal products and food products were also in the double digits.

Selling prices in manufacturing industry were 2 percent higher in January relative to December 2010. Prices on the domestic and foreign market rose at the same rate. Prices of chemical products were notably higher than in the preceding month.

Factory gate prices

Factory gate prices

More figures can be found in dossier Business cycle.