Early signs of a price decline in industry

The industrial imports price index recorded a decrease in February 2023 - for the first time since January 2021 - on an annual basis, while a decline was also recorded on a monthly basis.

This element is essentially an indication of price de-escalation, mainly in energy and to a lesser degree in some primary and secondary materials, such as basic metals and paper.

On the other hand, the export and import price indices in agriculture and livestock farming continue their upward trend, which translates into a continuation of very high food prices, but also a continuation of revaluations - even if with less intensity compared to 2022 - in this category of goods.

According to the data announced on Friday by the Hellenic Statistical Authority (ELSTAT), the general index of import prices in industry fell 5.6% in February 2023 compared to February 2022.

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