Algeria’s industrial producer prices continued to climb in the final quarter of 2024, with the mining and quarrying sector emerging as the main driver of the increase, according to the latest figures from the National Statistics Office (ONS).
Excluding hydrocarbons, the overall industrial producer price index recorded a quarterly rise of 0.9%, building on the 0.5% growth observed in the third quarter. The upward momentum was maintained despite stagnation in several manufacturing subsectors.
On a year-on-year basis, producer prices grew by 0.5%. However, the annual average for 2024 remained marginally negative at -0.2%, reflecting a largely stable pricing environment over the course of the year.
The mining and quarrying segment stood out with a notable 6.6% surge in prices. This was largely attributed to a 7.9% jump in phosphate mining prices and a 2.6% increase in metal ore extraction. Growth in salt prices, while still positive at 1.5%, represented a slowdown from the 5.9% rise recorded in the previous quarter.
Conversely, producer prices in the wood and food industries declined, indicating continued margin pressures in those sectors. The figures suggest that while mining activities have buoyed industrial pricing overall, certain segments of the manufacturing industry remain under strain amid persistent cost pressures.
