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2 NEWS 1.9.2022 DURING July 2022, the industrial pro- ducer price index registered an increase of 5.01 per cent when compared to the corresponding month of the previous year Annual comparison When compared to July 2021, the in- dustrial producer price index increased by 5.01 per cent. Price increases were registered in all the main industrial groupings except energy. e highest increase was registered in the intermediate goods (7.24 per cent) followed by consumer goods (5.14 per cent) and capital goods (3.36 per cent). Industrial producer prices for the do- mestic market increased by 9.24 per cent. Price rises were recorded in the inter- mediate goods (20.29 per cent), capital goods (15.16 per cent) and consumer goods (10.31 per cent). Non-domestic prices increased by 2.31 per cent. e prices of goods destined to the non-euro area rose by 2.95 per cent while those destined to the euro area increased by 1.12 per cent. Monthly comparison During July 2022, the industrial pro- ducer price index increased by 0.06 per cent when compared to June 2022. Con- sumer goods and capital goods rose by 0.20 per cent and 0.17 per cent respec- tively. A drop of 0.05 per cent was recorded in the intermediate goods. ere were no price changes in the energy sector. Domestic market prices increased by 0.22 per cent due to increases of 0.84 per cent in the intermediate goods and 0.02 per cent in the consumer goods. Non-domestic prices dropped by 0.05 per cent. e prices of goods destined to the euro area decreased by 0.07 per cent while those destined to the non-euro area declined by 0.03 per cent. Industrial producer price index (2015=100) for total industry Inflation rates (%) measured by the HICP Euro area annual inflation, Agust 2022, % Industrial producer price index up 5% in July 1 Kindly indicate source when quoting from this release. The advance release calendar may be consulted at www.nso.gov.mt Issued by: Dissemination Unit, National Statistics Office, Lascaris, Valletta VLT 2000, Malta. T. +356 2599 7219 F. +356 2599 7205 E. nso@gov.mt Domestic market prices increased by 0.22 per cent due to increases of 0.84 per cent in the intermediate goods and 0.02 per cent in the consumer goods. Non-domestic prices dropped by 0.05 per cent. The prices of goods destined to the euro area decreased by 0.07 per cent while those destined to the non-euro area declined by 0.03 per cent (Table 3) https://twitter.com/NSOMALTA/ https://www.facebook.com/nsomalta/ Compiled by: Short-term Business Statistics Unit Contact us: National Statistics Office, Lascaris, Valletta VLT 2000 T. +356 25997219, E. nso@gov.mt Chart 1. Industrial producer price index (2015=100) for total industry 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 J F M A M J J A S O N D J F M A M J J A S O N D J F M A M J J 2020 2021 2022 index period 0 EURO area annual inflation is expected to be 9.1% in August 2022, up from 8.9% in July ac- cording to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main compo- nents of euro area inflation, energy is expected to have the highest annual rate in August (38.3%, compared with 39.6% in July), followed by food, alcohol & tobacco (10.6%, compared with 9.8% in July), non-energy industrial goods (5.0%, com- pared with 4.5% in July) and ser- vices (3.8%, compared with 3.7% in July). e euro area consists of Bel- gium, Germany, Estonia, Ire- land, Greece, Spain, France, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Malta, the Neth- erlands, Austria, Portugal, Slo- venia, Slovakia and Finland. e euro area data refer to the country composition at a specif- ic point in time. Changes in the composition of the euro area are incorporated using a chain index formula. Euro area annual inflation up to 9.1% Belgium Germany Estonia Ireland Greece Spain France Italy Cyprus Latvia Lithuania Luxembourg Malta Netherlands Austria Portugal Slovenia Slovakia Finland 4.7 10.5e 3.4 8.8e 5.0 25.2e 3.0 8.9e 1.2 11.1e 3.3 10.3e 2.4 6.5e 2.5 9.0e 3.3 9.6e 3.6 20.8e 5.0 21.1e 3.5 8.6e 0.4 7.1e 2.7 13.6e 3.2 9.2e 1.3 9.4e 2.1 11.5e 3.3 13.3e 1.8 7.6e Aug 2021 Aug 2022 96/2022 - 31 August 2022 Flash estimate - August 2022 Euro area annual inflation up to 9.1% Euro area annual inflation is expected to be 9.1% in August 2022, up from 8.9% in July according to a flash estimate from Eurostat, the statistical office of the European Union. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in August (38.3%, compared with 39.6% in July), followed by food, alcohol & tobacco (10.6%, compared with 9.8% in July), non-energy industrial goods (5.0%, compared with 4.5% in July) and services (3.8%, compared with 3.7% in July). All-items HICP Food, alcohol & tobacco Energy Non-energy industrial goods Services 0 2 4 6 8 10 12 14 16 18 20 22 24 26 28 30 32 34 36 38 40 42 Euro area annual inflation, August 2022, % Euro area annual inflation and its components, % Weights (‰) Monthly rate 2022 Aug 21 Mar 22 Apr 22 May 22 Jun 22 Jul 22 Aug 22 Aug 22 All-items HICP 1000.0 3.0 7.4 7.4 8.1 8.6 8.9 9.1e 0.5e All-items excluding: > energy 890.7 1.7 3.4 4.1 4.6 4.9 5.4 5.8e 0.6e > energy, unprocessed food 841.2 1.6 3.2 3.9 4.4 4.6 5.1 5.5e 0.6e > energy, food, alcohol & tobacco 681.8 1.6 3.0 3.5 3.8 3.7 4.0 4.3e 0.5e Food, alcohol & tobacco 208.9 2.0 5.0 6.3 7.5 8.9 9.8 10.6e 1.0e > processed food, alcohol & tobacco 159.4 1.7 4.1 5.4 7.0 8.2 9.4 10.5e 1.1e > unprocessed food 49.5 3.0 7.8 9.2 9.0 11.2 11.1 10.9e 0.5e Energy 109.3 15.4 44.3 37.5 39.1 42.0 39.6 38.3e 0.0e Non-energy industrial goods 265.2 2.6 3.4 3.8 4.2 4.3 4.5 5.0e 0.8e Services 416.7 1.1 2.7 3.3 3.5 3.4 3.7 3.8e 0.4e Annual rate e estimate