In November 2025, the Producer Price Index (PPI) for industrial products increased by 0.9 per cent compared to the previous month. On an annual basis, the index rose by 6.1 per cent compared with November 2024.

On a monthly basis, prices in mining and quarrying increased by 0.7 per cent compared to October 2025, contributing 0.05 percentage points to the overall PPI growth. Over the same period, prices for manufactured products rose by 1.3 per cent, accounting for a 1.03 percentage point contribution to the monthly index increase. Within this category, particularly strong price growth was observed for food products (2.2 per cent) and chemicals and chemical products (5.8 per cent). In contrast, prices for electricity, gas, steam and air conditioning declined by 1.5 per cent, reducing the monthly index by 0.16 percentage points.

The annual increase in the PPI was primarily driven by price changes across several sectors. Prices in mining and quarrying were 24.2 per cent higher year-on-year, contributing 1.55 percentage points to the overall annual index change, with metal ores recording a significant increase of 33.3 per cent. Manufactured products saw a 4.8 per cent annual price rise, contributing 3.86 percentage points to the overall increase, largely due to higher prices for food products (11.3 per cent) and beverages (2.8 per cent).

In addition, prices for electricity, gas, steam and air conditioning increased by 6.2 per cent year-on-year, contributing 0.64 percentage points to the annual index change. Water supply, sewerage, waste management and remediation services recorded a 1.7 per cent annual price increase, adding 0.05 percentage points to the overall annual PPI growth.