Expecting lower prices for the holidays? The costs of manufacturing and importing products are rising more slowly

Production costs are increasing more slowly, import prices are also decreasing. The approach of the end-of-the-year holiday means for all citizens more expenses than usual, thus also facing more expensive prices. High inflation, the psychological effect, but it is also the production and import costs that affect it.

According to the Institute of Statistics, production costs increased through September but slower than in the same period a year ago. The Index increased by 1.1% compared to the previous year, reaching 6.3%, while it decreased by 0.1% within the quarters of the current year.

In this slight increase, the sections "Extractive industry" and "Electricity, gas, steam and air conditioning" had the most influence, followed by the sections "Water supply, waste treatment and management activities" and "Processing industry" ".

The price index for domestic products increased by 1.6% and those for export by 0.7%. On the other hand, the products we import are even cheaper. Mainly at the end of the year we are faced with imported goods, mainly consumer goods because we do not produce out of season products. But the fall of the euro and the curbing of inflation in the European Union also give us signals for a slowdown in prices, which should also translate into cheaper goods for citizens or a curb on price growth.

Compared to the third quarter of 2023, the import price index recorded a decrease of 1.3%.

This decrease was mainly influenced by the electricity, gas, steam, processing and extraction industries. (A2 Televizion)