Prices of manufactured goods continued to rise in May

Fri, Jul 16, 2010, 01:00

The prices of manufactured goods continued to rise in May, driven by strong increases in computers, electronics and food prices.

Monthly factory gate prices increased by 1.1 per cent in May, a 2 per cent year-on-year increase, according to the Central Statistics Office’s latest wholesale price index.

The price index for export sales increased by 1.1 per cent while home sales rose by 1.0 per cent. The index gained 1 per cent in April.

The most significant changes in May were increases in computer, electronic and optical products (+7.8 per cent), food products (+3.5 per cent) and chemical products (+3.4 per cent).

There was a fall in price of almost 5 per cent in basic pharmaceutical products.