IDEX Polished Price Index Stable in February
March 04, 25
(IDEX Online) - The IDEX Polished Price Index was stable during February after prices dipped in December and January. There were slight fluctuations during the month, but overall the Index closed marginally up, gaining 0.02 per cent. The Index increased by 0.62 per cent last November.
Prices have been in overall decline now since early 2022, with only small and occasional increases. The Index closed the month at 94.97, which means prices are now lower than when it was launched (benchmarked at 100) in July 2004. The Index hit its lowest point for 13 years in May 2024 and the trend has been mostly downwards since then.
Month-to-month prices fell slightly, by 0.5 per cent, in February. That's a small improvement of the 1.1 per cent drop in January. November and December saw virtually no change. During 2024 month-to-month prices rose only twice - by 0.4 per cent in January and by just 0.1 per cent in December.
Year-to-year prices were down 13.4 per cent in February, exactly the same as the previous month. These are the biggest monthly falls since July 2024. Year-to-year prices have been dropping consistently since December 2022.
There were some increases in month-to-month prices in February, for 2.0cts, 3.0-cts and 4.0-cts. All other sizes shown below were down, though by less than in January. 0.5-cts and 1.0-cts suffered the biggest losses, both down 1.7 per cent.
Year-to-year prices for all sizes shown below were down again February. Decreases for 0.5-cts and 1.0-cts were slightly larger than the previous month, though among 2.0-cts to 5.0-cts they were slightly smaller.
Goods of mostly smaller sizes shown below remain in overall decline, although there were rises for 2.0-cts, 3.0-cts and 4.0-cts.
