Higher energy prices are seen as the reason behind the increase of 15.5 percent in the industrial producer price in October of 2008 when compared to October 2007, the National Statistics Office said.

In October 2008, compared with the previous month, producer prices in total industry increasedby 4.7 per cent.

Prices in the domestic market were unchanged only in the Capital Goods Sectors; while the largest increase of 12.25 per cent being registered in the Energy Sector.

Consumer Durables and Consumer Non-Durables sectors increased marginally by 0.57 per cent and 0.13 per cent respectively while the Intermediate Goods sector decreased by 0.13 per cent.

For both non-eurozone as well as eurozone export markets the producer prices for consumerdurables remained unchanged.

Intermediate goods dropped by 1.89 per cent and 0.60 per cent, while consumer non-durables dropped by 0.06 and 0.76 in the eurozone and non-eurozone export markets, respectively.

Capital Goods registered an increase of 0.14 in the eurozone export market and 0.63 in the non-eurozone export market.

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