SEE SUMMARY
The National Institute of Statistics (INE) revealed that the Industrial Producer Price Index (IPP) experienced an increase of 0.7% in May, with the Mining Producer Index (IPPMin) being the main responsible for this increase. In particular, the IPPMin grew by 1.9% in the month and accumulates an increase of 19.1% so far in 2024, highlighting copper extraction and processing as the most influential class. On the other hand, the Electricity, Gas and Water Distribution Price Index (IPDEGA) showed a more moderate variation of 0.7%, decreasing 1.4% between January and May, with gas manufacturing standing out. Finally, the Manufacturing Industry Producer Price Index (IPPMan) registered a contraction of 1.1% compared to the previous month and an increase of 3.5% so far this year, with the manufacturing of refining products oil, the class that had the most impact on the indicator.
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The National Institute of Statistics (INE) reported that the Industrial Producer Price Index (IPP) scored a 0.7% increase in Mayhand in hand with the Mining Producer Index (IPPMin) as the one that most influenced the general result.
According to the organization, the aggregate indicator of the manufacturing, mining and electricity, gas and water sectors accumulates 10.8% so far this year.
For his part, the IPPMin changed 1.9% in the month and accumulates 19.1% in the fourth month of 2024. “The most incident class in the result of the indicator was copper extraction and processing, with a monthly variation of 2.1%,” said the INE.
He Electricity, Gas and Water Distribution Price Index (IPDEGA) recorded a more limited variation of 0.7%, falling 1.4% between January and May. Within the indicator, gas manufacturing stood out – with a positive impact; distribution of gaseous fuels through pipelines, with an increase of 14.4%.
Finally there is the Manufacturing Industry Producer Price Index (IPPMan)which had a contraction of 1.1% compared to the previous month and has accumulated an increase of 3.5% so far in 2024. In this case, the manufacturing of oil refining products had a major impact, with a decrease of 8.1%.
