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Prices of imported and exported products decreased in August from the previous month

Praia, Sep 27 (Inforpress) – Prices of imported and exported products decreased in August, compared to July, the National Institute of Statistics (INE) said Thursday.

According to the data, in August 2019, the import price index stood at 104.2, a decrease of 0.1% over the previous month.

Meanwhile, the underlying index increased by 0.3% and the volatile index decreased by 1.3% from the previous month.

According to INE, the most significant price increases occurred in the categories of consumer goods groups (1.1%), as a result of the 2.7% rise in primary food prices and intermediate goods which increased 4.3%, essentially due to the 25.6% rise in prices of other processed products.

On the other hand, there was a decrease in prices in the capital goods category (-10.8%), due to the decrease in prices of machinery (-12.5%) and fuels (-0.8%). In terms of export prices, there was a negative change in the reference period, with the price index standing at 100.0, a decrease of 0.5% over the previous month.

MJB/JMV

Inforpress

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