According to Geostat, the prices for products from mining and quarrying decreased by 1.5 % compared to February 2023, resulting in a -0.09 percentage point contribution to the overall monthly PPI change.

Within the group a noteworthy price decrease was registered for metal ores (-1.7%). In the same period the prices for manufactured products decreased by 0.3 %, contributing -0.28 percentage points to the monthly index change.

Within the group a noteworthy price decrease was registered for basic metals (-1.1 %). Besides, the prices decreased for electricity, gas, steam and air conditioning by 3.0 %, contributing -0.29 percentage points to the monthly index change.

“The annual PPI rate was mainly affected by price changes for the following products:  Products from mining and quarrying: the prices were 22.5 % lower, contributing -1.82 percentage points to the overall annual index change. Within the group the prices were lower for the subgroup of metal ores (-30.1 %);  Manufactured products: the prices decreased by 3.2 %, contributing -2.6 percentage points to the overall annual index decrease. There was a notable decrease in the prices for the following subgroups: beverages (-7.1 %), chemicals and chemical products (-27.4 %) and basic metals (-23.4 %); Electricity, gas, steam and air conditioning: the annual price decrease amounted to 6.6 %, which contributed -0.57 percentage points to the annual index change; Water supply, sewerage, waste management and remediation services: the annual price decrease amounted to 9.7 %, which contributed -0.24 percentage points to the annual index growth,” the report reads.