This represents a 0.1 percentage-point decline month-on-month and confirms a continued easing of cost pressures at the factory gate.

On a year-on-year basis, the data shows that ex-factory prices rose by an average of 1.3 per cent between November 2024 and November 2025, a level that is 25.7 percentage points lower than the rate recorded a year earlier.

According to the GSS, the moderation in producer inflation reflects a month-on-month decline of 1.9 per cent in producer prices between October and November 2025, indicating that producers, on average, charged lower prices in November than in the previous month.

The easing trend was influenced largely by movements across key production sectors.

Mining and Quarrying, the largest sector with a weight of 43.7 per cent, recorded a 1.6 percentage-point increase in producer inflation, rising from 0.7 per cent in October 2025 to 2.3 per cent in November 2025.

The Manufacturing sector, which accounts for 35 per cent of the PPI weight, recorded a decline in producer inflation, easing from 2.5 per cent in October 2025 to 0.5 per cent in November 2025, representing a 2.0 percentage-point drop.

Meanwhile, producer inflation in the transport and storage sub-sector continued to contract, falling from -8.8 per cent in October 2025 to -9.0 per cent in November 2025.

Within the manufacturing sub-sector, price pressures were uneven. Ten out of the 23 major manufacturing groups recorded inflation rates above the sector’s average of 0.5 per cent in November 2025.

The sharpest price increases were recorded in the manufacture of leather and related products, which posted 35.0 per cent inflation, followed by the manufacture of textiles at 26.5 per cent.

In contrast, the manufacture of coke and refined petroleum products recorded the lowest inflation rate, contracting by 12.5 per cent over the period.