Industrial prices rise faster than inflation

According to the Statistical Service Cystat, industrial output prices were stable in July, with the index reaching 122.4 (base 2000=100), the same as June 2006.

However, industrial prices have generally been rising faster than inflation.

For the period January-July 2006, industrial output prices rose by 4.7% compared with the same period of 2005.

Consumer prices during the same period rose by only 2.92%.

For manufacturing, the index for July 2006 reached 121.9 units, recording an increase of 2.9% compared to July 2005.

FM