Cyprus industrial export prices rise faster than local prices

According to the Statistical Service CYSTAT, the industrial output price index for August 2006 reached 123.0 units (Base 2000=100), recording an increase of 0.5% compared with July 2006.

For the period January-August 2006, the index increased by 4.5% compared with January-August 2005.

Within overall industry, the prices of mining and quarrying rose year on year by 4.3% in the first eight months of the year; The prices of manufacturing rose by 2.9% and the prices of electricity, gas and water by 17%.

Export prices rose faster than local prices. For overall industry, export prices rose by 4.9% and local prices rose by 4.4%.

For mining and quarrying, export prices rose by 10.9% and local prices rose by 4.0%.

For manufacturing export prices rose by 4.9% and local prices rose by 2.6%, while there is no export of electricity, gas and water.