In July 2024, the Mining and Quarrying sector reported an inflation rate of 48.8%, significantly above the national average of 29.1%.
The Construction sector also experienced high inflation, recording 30.5%. In contrast, the Water Supply, Sewerage, and Waste Management sector had the lowest inflation rate at 2.6%.
The Producer Price Index (PPI) for the industrial sector, excluding construction, rose from 32.3% in June 2024 to 37.9% in July 2024. The construction sector’s inflation rate also increased to 30.5% in July 2024.
In the Services sector, inflation went up to 12.6% in July 2024 from 12.1% in June 2024. The overall PPI for July 2024 was 29.1%, up by 3.5 percentage points from June 2024, with a month-on-month change of 3.7%.
Industrial Producer Inflation:
- Mining and Quarrying: 48.8% (up from 45.6% in June 2024)
- Manufacturing: 17.9% (up by 5.5 percentage points)
- Electricity and Gas: 11.8% (up from 10.5%)
- Water Supply, Sewerage, and Waste Management: 2.6%
Manufacturing Sub-Sector:
- Beverages: 44.0%
- Motor Vehicles, Trailers, and Semitrailers: 38.2%
Services Producer Inflation:
- Transport and Storage: 26.8% (up from 24.1%)
- Accommodation and Food Services: 28.3% (up from 27.8%)
- Information and Communication: 9.3%
Construction Producer Inflation:
- Building Construction: 17.8% (up from 15.6%)
- Civil Engineering: 36.9% (up from 36.7%)
- Specialized Construction Activities: 14.7% (up from 5.8%)
