Cyprus industrial output prices up 4.4% in Jan-July

Industrial output prices rose by 1.9% compared with the previous month in July, according to the Statistical Service, while prices for manufacturing alone rose by 0.4%.
For the period January-July 2011, industrial output prices have risen by 4.4% compared with the corresponding period of the previous year.
The main upward pressure has been from electricity output prices, which rose 10% year on year in the first seven months thanks to tariff and fuel increases even before the costs of the massive explosion that destroyed the country’s main power station.
The high energy content of water supply via desalination plants also contributed to a 9.8% increase in water supply and materials recovery output prices.
Among the major manufacturing sectors only electronic and optical products saw a decline, of 5.4% over the year earlier in January-July.