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Industrial Producers’ Prices index up 16.84pct in 7 months

The Industrial Producers’ Prices index picked up by 16.84 percent in the first seven months of 2022, reaching 141.40 points against 121.02 in the same period of 2021, according to official figures.

A report issued Monday by the Department of Statistics (DoS) indicated that the increase was mainly driven by transformative industries’ prices going up by 17.78 percent and extractive industries by 25.83 percent. Meanwhile, electricity prices index decreased by 6.01 percent.

In July 2022, the index amounted to 151.06 points compared to 125.73 in July 2021, signaling a rise of 20.15 percent, the figures showed.

The biggest contributors to the monthly increase, the report noted, are transformative and extractive industries with 19.50 and 55.14 percent, respectively, while electricity prices index retreated by 9.62 percent.

Source: Jordan News Agency