Producer price index leaps by 43% in May

Hellenic Statistical Authority – ELSTAT recorded a 43% jump in the producer price index in industry on an annual basis in May. In April it had climbed to 48.8%.

The Overall Producer Price Index (PPI) in Industry (total of domestic and non-domestic market) with base year 2015=100.0 in May 2022 recorded an increase of 43.0% compared with May 2021. The corresponding index in May 2021 had recorded an increase of 13.7% compared with May 2020.

The Overall Producer Price Index in May 2022 recorded a decrease of 2.9% compared with April 2022. The corresponding index in May 2021 had recorded an increase of 1.0% compared with April 2021.

The average Overall Index for the twelve-month period from June 2021 to May 2022 increased by 28.7% in comparison with the corresponding index for the period from June 2020 to May 2021, while the decrease recorded between the previous twelvemonth periods amounted to 2.3%

1. Annual rates of change: May 2022 compared with May 2021

The increase of 43.0% in the Overall Producer Price Index in Industry in May 2022 compared with May 2021 is on account of the annual changes of the sub-indices of the markets as follows:

a. 53.6% increase in the PPI of the Non-Domestic Market.

More specifically, the aforementioned increase was the result of the yearly changes mainly of the sub-indices in the following NACE Rev.2 divisions:

b. 39.6% increase in the PPI of the Domestic Market.

More specifically, the aforementioned increase was the result of the yearly changes mainly of the sub-indices in the following NACE Rev.2 divisions: