Posted by: ZAWYA
image used for illustrative purpose A general view shows chimneys at the Cobogal company site which produces Liquefied Petroleum Gas (LPG) as a subsidiary for Finagaz, Primagaz and Antargaz, in Bassens, France, October 12, 2015. REUTERS/Regis Duvignau
The index of industrial selling prices went up by 4.5% in June 2017 year-on-year, as a result of rising prices of manufacturing products by 4.1% and mining products by 8.2% due to higher prices of energy extraction products by 10.4% and non-energy products by 0.8%.
According to the National Institute of Statistics, the increase in the prices of products of the manufacturing industry is mainly due to the 6.5% rise in prices of products of the food industry, the mechanical and electrical industry by 6.8% and the rubber and plastics industry by 4.9%.
Increase in industrial selling prices by 0.6% compared to May 2017.
On a monthly basis, the index of industrial selling prices for June 2017 rose by 0.6%, following a 0.7% increase in May.
This increase is due to higher prices for agro-food products by 1.1%, textiles by 1.6% and paper and paperboard by 1.5%.
On the other hand, a 3.6% drop was recorded in prices for extractive products from non-energy products resulting mainly from a 5.9% decrease in phosphate price.