Prices of national products fell for the fifth consecutive month

Prices of national products fell for the fifth consecutive month

September 28, 2023 – 17:50

The decline was 0.70% monthly, driven by the situation in the agricultural sector, according to INE data.

freepik

He Producer Price Index of National Products (IPPN) prepared by the INE fell for the fifth consecutive month, with a monthly decline of 0.70%, a situation strongly driven by the agriculture and cattle raising.

The General Index was 265.23 in September, falling from 267.11 in August. In this way, the prices They have accumulated a drop of 3.46% so far this year, which stretches to 12.42% in the interannual comparison.

He IPPN, which includes the sectors of agriculture, livestock, hunting and forestry, fishing, mining and manufacturing industries, analyzed the price of dollar among the factors with the highest incidence and for that he compared the value of the 11th of this month, when the interbank quoted $38.07, with the $37.79 of August 10, which represents an increase of 0.74%

The agricultural sector was once again the most influential in the fall

When analyzing by items, the strong impact of the drought in Agriculture, Livestock, Hunting and Forestry, with a fall of 4.77% in the month, representing an incidence of 1.53% in the variation of the general index.

Within the division, the 4.50% increase in the Crops In general, they have thus accumulated an improvement of 3.02% so far this year. What happened was different in Animal husbandry, with a decrease of 10.04% that increases to 11.39% in the accumulated 2023 and reaches a worrying 35.14% in the interannual comparison.

Meanwhile, the Manufacturing industry recorded an improvement of 1.21%, with a positive impact of 0.81% on the total. They were also on the rise Exploitation of Mines and Quarries, with a rise of 1.10% and Fishing, with an increase of 0.40%, although with a minimum incidence of 0.02% and 0%, respectively

Source: Ambito

Leave a Reply

Your email address will not be published. Required fields are marked *

Latest Posts