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Producer prices in industry

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National Reference Metadata in Euro SDMX Metadata Structure (ESMS)

Compiling agency: [CY1] Statistical Service of Cyprus

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Industrial Output Prices Index.

15 June 2026

  • Industrial Output Prices Total.
  • Industrial Output Prices for the Domestic Market.
  • Industrial Output Prices for the non-Domestic Market.
  • Industrial Output Prices for the Eurozone Market (only for NACE Rev. 2 Divisions 10, 21 – participation in European Sample Schemes).
  • Industrial Output Prices for the non-Eurozone Market (only for NACE Rev. 2 Divisions 10, 21 – participation in European Sample Schemes).

There are no discrepancies with the definition of variables laid down in the Commission Implementing Regulation 2020/1197.

The observation and the reporting unit is the Kind of Activity Unit (KAU).

All units with main activity in the industrial sector (5191 in 2021).  The frame for selecting the units is the sample of the SBS Industrial Survey in the base year (1367 units in 2021).

Republic of Cyprus.

Month.

For manufacturing, mining and quarrying and water distribution the reference date is the first Thursday of the month. For electricity, the price is an average for a two-month period and for water desalination, an average of a quarterly period. 

The Industrial Producer Prices Index is based on a sample survey and therefore sampling errors are likely to occur but are not estimated. Non-sampling errors derived from data collection and processing as well as quality issues are considered to be small, nevertheless actions are undertaken to minimize them. The data check procedure is very effective. The index do not need to be changed after the first release since there is almost exhaustive collection of all prices at the time of the release. But, if there is a need for a revision, the impact is very small based on further quality checks.

Indices (2021=100).

For all sectors, a Laspeyres index is compiled, comparing the current value with the base period average value.

A price relative is calculated for each product of each unit. For each unit the price relatives for the various products are combined by weighting them by the sales of the products in the base year. This is done separately for the local market, the export market and the total market. Also, for euro area and non-euro area, for activities that are required by the EBS Regulation (Divisions 10 and 21). The resulting indices for each unit are combined using as weight the turnover of the unit at the base year. These indices at the activity level are aggregated to higher NACE levels and MIGs using again the turnover of the respective NACE codes at the base year as weight.

If new products are introduced into the survey, the appropriate base year price is estimated, preferably by the respondent.

The sources used to compile the index are:

  • A statistical sample survey in manufacturing, mining and quarrying and water distribution. The sample size is 335 units.  The most important KAUs in each activity are selected and then these units report prices on their most important products and,
  • Administrative sources for electricity and water desalination.

Monthly.

The index is published one month after the end of the reference period.

The EBS Regulation and the EBS methodological guidelines are applied, therefore it is possible to compare the national index with that of other European countries.

Data are comparable over time. When significant changes are introduced (e.g. change of classification, base year or methodology), historical time series are recalculated as far back as it is reasonably possible.