The Index of Industrial Output Prices for January 2023 reached 136.3 units (base 2015=100), recording an increase of 17%, compared to the same month of 2022, according to data published by the Statistical Service of Cyprus on Tuesday.
Compared to the corresponding month of the previous year, an increase was recorded in the sectors of electricity supply by 36.6%, mining and quarrying by 18.2% and manufacturing by 12.2% and a decrease in the sector of water supply and materials recovery by 1.2%.
By division of economic activity in manufacturing, in January 2023 compared to the corresponding month of the previous year, increases were recorded in all economic activities. The most significant were observed in the manufacture of other non-metallic mineral products, which increased 21.2%, the manufacture of food products and beverages by 14.4%, the manufacture of wood and products of wood and cork, except furniture by 13.4%, the manufacture of paper and paper products and printing by 10.6%, the manufacture of basic metals and fabricated metal products by 9.9% and the manufacture of machinery and equipment, motor vehicles and other transport equipment by 8.8%.
Compared to December 2022 the index of industrial output prices recorded a decrease of 2.4% in January 2023. The index showed a rise in the sectors of mining and quarrying by 3.8% and manufacturing by 0.4%, while it showed a decrease in the sectors of electricity supply by 8.9% and water supply and materials recovery by 2.2%.
Source: Cyprus News Agency