Stability was recorded in General PPI of February 2018, when compared with previous month ( M-O-M).
General PPI of February 2018, increased by 16.6% when compared with February 2017 ( Y-O-Y).
PPI of Crude Petroleum and Natural gas production increased by 0.7%, comparing with previous month.
Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for February 2018 with the base year 2013. Producer price index covers goods relating to “Mining” (weight: 72.7%), “Manufacturing” (weight: 26.8%), and “Electricity & Water” (weight: 0.5%).
Mining
The PPI of February, 2018 showed an increase of 0.7% when compared with PPI of January 2018, primarily due to the increase of prices of “Crude petroleum and natural gas” with 0.7%. PPI of February 2018, when compared with its counterpart in the previous year (February 2017), there has been a considerable increase of 19.1%.
Manufacturing
A decrease of 1.3% has been recorded in February, 2018, when compared with the previous month’s Manufacturing index (Janruary,2018). The prices increase are seen in: “Basic Chemicals” by 3.2%, followed by “Paper and Paper Products” and “Basic Metals” by 1.7%, “Other chemical products and fibers” by 0.8%, “Dairy products” by 0.6%, “Cement and Other non-metallic products” by 0.3%. However, decreasing prices are noticed in “Refined Petroleum Products” by 3.1%, “Rubber and Plastics products” by 0.7%, “Beverages” by 0.2%. No monthly change noticed in “Juices” and “Grain mill and Other products”.
Comparing with the index of counterpart in the previous year (February 2017), “Manufacturing” PPI of February, 2018 showed a rise of 12.1%. The major groups which explain this price increase are
“Basic Metals” by 22.3%, followed by “Refined Petroleum products” by 13.9%, “Other chemical products and fibers” by 9.9%, “Basic Chemicals” by 7.7%, “Dairy products” by 6.5%, “Juices” by 4.0%, “Paper and Paper Products” by 3.3%, and “Grain mill and Other products” by 1.5%. However, prices fall also noticed in “Rubber and Plastics products” by 8.2%, “Cement and Other non-metallic products” by 4.9% “Beverages” by 1.0%.
Electricity and Water
The PPI of this group showed an increase of 0.5% compared to January 2018, resulting from an increasing in “Electricity” by 1.5%, and a decreasing in “Water” by 1.0%.
When compared the PPI of February, 2018, to the PPI of February, 2017, showed an increase [Y-o-Y] of 5.1%, affected by a rise in “Electricity” by 11.5% and a fall in “Water” by 4.1% .
Overall Index (PPI of Industrial sector)
The PPI for February, 2018 is estimated at 66.1 points showing stability with the previous month’s January 2018. On [Y-o-Y] basis, PPI of February, 2018 showed a rise of 16.6% when compared to the PPI of February 2017.