According to preliminary data released by the Hellenic Statistical Authority (ELSTAT) the general output price index for agriculture and livestock recorded a new decrease of 3.1% in Oct. 2024 compared to the same period in 2023.
This decrease is attributed, to a 3.4% decline in the plant production price index, mainly due to changes in the industrial plants group, as well as a 0.7% increase in the animal production price index. Similarly, the input price index also decreased by 3.2% in Oct. 2024 compared to the same period last year.
Outputs
The General Output Price Index in Agriculture and Livestock (excluding subsidies) for Oct. 2024 showed a 3.1% decline compared to the same index in Oct. 2023. The corresponding index for Oct. 2023 had increased by 4.0% compared to the same month in 2022.
The 3.1% drop in the General Output Price Index in Oct. 2024 is primarily due to a 3.4% decrease in the plant production price index, driven by changes in the industrial plants group, and by a 0.7% increase in the animal production price index.
The General Output Price Index for this year’s Oct., compared to the Sept. 2024, showed a decrease of 4.3%.
The weighted average Output Index for the twelve-month period from Nov. 2023 to Oct. 2024, compared to the corresponding index for the previous twelve-month period from Nov. 2022 to Oct. 2023, increased by 6.2%.
Inputs
The General Input Price Index for Agriculture and Livestock in Oct. 2024 fell by 3.2% compared to the same index of Oct. 2023.
The 3.2% decrease in the General Input Price Index in Oct. 2024 compared to the same month of 2023 is firstly attributed to a 5.0% decrease in the price index for consumables, primarily due to changes in the energy and lubricants group, and secondly to a 2.6% increase in the price index for fixed capital formation.
The General Input Price Index for Oct. 2024, compared to the Sept. 2024 index, showed a decrease of 0.5%.
The average Input Index for the twelve-month period from Nov. 2023 to Oct. 2024 dropped by 1.9% compared to the corresponding index for the twelve-month period from Nov. 2022 to Oct. 2023.
