According to the latest data published by Geostat, the Producer Price Index (PPI) for industrial products increased by 5.7% in February 2026 compared to the same month last year, while showing a 0.4% decline compared to January. The annual increase was mainly driven by higher prices in the mining and quarrying sector as well as in manufacturing.
The key contributors to the annual rise were:
- Mining and quarrying – Prices increased by 34.2%, contributing 2.19 percentage points to the overall index. A significant rise was observed in metal ores, with prices up by 47.6%.
- Manufacturing – Prices grew by 4.1%, adding 3.24 percentage points to the total index. Notable increases were recorded in food products (10.3%) and basic metals (11.2%).
- Electricity, gas, steam and air conditioning supply – Prices rose 1%, contributing 0.11 percentage points.
- Water supply, sewage, waste management and remediation – Prices increased 5.1%, adding 0.16 percentage points.
On a monthly basis (February vs. January), the modest decline was mainly due to reductions across several categories. Prices in mining and quarrying increased by 2.2%, contributing 0.17 percentage points to the monthly index, but this was offset by decreases in other sectors. Manufacturing prices fell 0.5%, driven by declines in food products (–0.5%) and pharmaceuticals (–6.1%), resulting in a –0.38 percentage-point contribution. Additionally, prices for electricity, gas, steam and air conditioning dropped 1.9%, contributing –0.2 percentage points to the monthly change.
Overall, while annual producer price growth remains strong, the short-term data shows a slight downward correction in February.
