General Industrial Price Index of Industrial Producers decreases by 16.5% for 2009

          The monthly report issued by the Department of Statistics indicates a decrease in the General Industrial Price Index of the Industrial Producers for 2009 by (16.5 %) as compared with the same period of 2008. This mainly was a result of a decrease in the manufacturing industries prices by (23.3 %) with a relative importance of 82.5%, while the prices of the Quarrying Industries went up by 18.7% with a relative importance of 11.0% and Electricity by 4.5 % with a relative importance of 6.5%.

     The report also indicates an increase in the General Industrial Prices Index for December 2009 by 1.0 % as compared with November 2009. This has resulted from an increase in the manufacturing industries by 1.2 % and quarrying industries by 0.5%, while the electricity prices have decreased by 1.0%.

          The data also indicate a decrease in the General Industrial Prices Index for December 2009 by 19.3% as compared with the same month of 2008. This has resulted mainly from a decrease in the manufacturing industries prices by (18.6%), quarrying industries prices by (25.6 %) and electricity by (1.3%).

         It is worthy to mention that the prices of sub-group commodities (Chemical Minerals, Mining and Fertilizers) have approximately contributed by 15.4 % of the total price decrease for 2009 as compared with 2008.

The following figure shows the trend of the General Industrial Producers index for 2008 and 2009.

   The monthly average change of Industrial Producer's Prices during 2008 and 2009