The sharp price increases are mainly due to the increase in energy, raw material and transport costs. According to CBS, the war in Ukraine is putting further pressure on prices. And that price pressure adds to the price increases that have occurred previously due to the rapid recovery of the economy after the corona crisis.
All sectors higher
Prices were higher in October than a year earlier in nearly every business class in the industry. The price level has risen sharply, especially in the oil and chemical industries. In the first sector, the price level was almost 53% higher than a year ago. This is because selling prices are closely related to oil prices, which have risen sharply. For example, a barrel of Brent crude oil from the North Sea cost more than €95 in October. It was about 32 percent more than a year earlier.