Producer prices in industry up 2.2% m-o-m in July

July producer prices in industry increased by 2.2% from the month before, largely as a result of a 2.7% increase in the price of electricity, gas, and steam and heated water and a 2.2% growth in the price of raw materials. The July PPI increased 4.1% over the same month a year ago.

The price of coke, refined crude-oil products and nuclear fuels rose by 9.1% in July, followed by chemicals, chemical products and chemical fibers at 4.3%. Prices of machines and equipment grew 2.1% in July.

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