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Annual manufacturing prices rise by 6.3%

Contributing to the annual change was an 18.5% increase in the costs of computer, electronic and optical products
Contributing to the annual change was an 18.5% increase in the costs of computer, electronic and optical products

The cost of manufacturing increased by 0.3% in June, with annual manufacturing prices increasing by 6.3%.

In the month, the most significant changes were increases in printing and reproduction of recorded media (+0.8%), computer, electronic and optical products (+0.6%) and basic pharmaceutical products and pharmaceutical preparations (+0.6%).

There were decreases in other food products including bread and confectionery (-0.5%), dairy products (-0.4%) and meat and meat products (-0.2%).

Contributing to the annual change were increases in computer, electronic and optical products (+18.5%), basic pharmaceutical products and pharmaceutical preparations (+9.8%) and other food products including bread and confectionery (+6.7%).

Over the last 12 months there were decreases in dairy products (-13.5%), grain milling, starches and animal feeds (-3.1%) and other non-metallic mineral products (-0.9%).  

Elsewhere, the yearly price index for mining and quarrying increased by 2.4%, while the monthly index decreased by 3.3%.

With regard to building and construction costs, all materials prices increased by 2% in the year since June 2014.

The most notable yearly changes were increases in stone (+12.4%), hardwood (+12.3%) and glass (+6.4%), while there were decreases in other structural steel (-3.0%), sand and gravel (-2.7%) and ready mixed mortar and concrete (-2.3%).

The price of Energy products decreased by 4% in the last year, while petroleum fuels decreased by 10.4%. In June 2015, the monthly price index for Energy products decreased by 0.8%, while petroleum fuels decreased by 1.1%.