The producer price inflation (PPI) rate fell slightly in February to 50.8% from 52.6% in January 2023.
This represents a 1.7 percentage point drop from the 52.6% recorded in January.
Between January 2023 and February 2023, the PPI increased by 7.0% month on month.
Producer price inflation in the industry excluding construction fell to 57.9% in February 2023 from 58.8% in January 2023.
The construction sector’s rate increased to 21.1% in February 2023, up from 20.4% in January 2023. The rate in the services sector rose from 10.6% in January 2023 to 13.4% in February 2023.
Transportation and storage (67.6%), accommodation and food service (66.5%), mining and quarrying (61.2%), electricity and gas (57.4%), and manufacturing (55.7%) all had rates higher than the national average in February 2023, while information and communication activity had the lowest rate of 4.5%.
