Algeria’s industrial producer prices continued their upward trajectory in the fourth quarter of 2024, primarily driven by the robust performance of the mining sector, the National Statistics Office (ONS) reported.
Excluding hydrocarbons, the general industrial producer price index saw a 0.9 percent increase compared to the previous quarter. This extends the upward trend that began in the third quarter (+0.5 percent), despite price stagnation in some manufacturing sectors.
On a year-on-year basis, the increase reached 0.5 percent. However, the annual average remained slightly negative (-0.2 percent), indicating overall price stability throughout 2024.
The mining and quarrying sector experienced significant price growth of 6.6 percent, fueled by strong increases in phosphate mining (+7.9 percent) and metal ores (+2.6 percent). Salt price growth slowed to +1.5 percent, down from +5.9 percent. In contrast, the wood and food industries saw price declines, suggesting ongoing margin pressures despite rising costs.
SL/te/Sf/fss/abj/APA