Export Price Index rose by 2.0% from 153.0 in the first quarter of 2023 to 156.0 in the second quarter, mainly due to increases in the prices of “Food and live animals » (+4.3%) and “Miscellaneous manufactured articles » (+0.4%).
Import Price Index decreased by 4.3% from 170.1 in the first quarter of 2023 to 162.8 in the second quarter. That was mainly the effect of decreases in the prices of “Mineral fuels, lubricants and related materials » (-9.8%) and “Manufactured goods classified chiefly by material » (-5.0%), partly mitigated by higher prices of “Food and live animals » (+2.6%).
The terms of trade index, i.e., the ratio of EPI to IPI, increased by 5.9 points (+6.6%) from 89.9 in the first quarter of 2023 to 95.8 in the second quarter. Compared to 72.7 in the corresponding quarter of 2022, the terms of trade increased by 23.1 points (+31.8%).
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