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Monthly Producer Price Index of Industrial Sector (Base year 2013=100)

6/1/2017
 

  •  General PPI of April 2017, decreased by 1.6 % when compared with previous month ( M-O-M).
  • General PPI of April 2017, increased by 24.2% when compared with April 2016( Y-O-Y).
  • PPI of Crude Petroleum and Natural gas decreased by 2.2%, comparing with previous month.
  •  PPI of Manufacturing decreased by 0.6%, when compared with previous month.

Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for April 2017 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 April, 2017 showed a decrease of 2.2% when compared with PPI of March 2017, primarily due to the decrease of prices of “Crude petroleum and natural gas”. PPI of April 2017, when compared with its counterpart in the previous year, there has been a considerable increase of 27.4%. .

Manufacturing
A decrease of 0.6% has been recorded in April, 2017, when compared with the previous month’s Manufacturing index during this year. The prices decrease are seen in: “Rubber and Plastic products” by 4.8%, “Refined Petroleum Products” by 1.5% and “Grain mill and Other products” by 0.3%. However, the increasing prices are noticed in “Basic Metals” by 2.9%, “Dairy Products" by 0.9%, “Basic Chemicals" by 0.8%, "Beverages” by 0.7%, Cement and other Non-metallic products by 0.4% and "Other chemical products and fibers" by 0.1%. No change noticed in "Juices", and “Paper and Paper Products”.

Comparing with the index of counterpart in the previous year (April 2016), “Manufacturing” PPI of April, 2017 showed a rise of 19.5%. The major groups which explain this price increase are “Refined Petroleum products” by 28.4%, “Juices” by 13.9%, “Basic Metals” by 11.3%, “Basic Chemicals” by 8.8%, “Other chemical products and fibers” by 4.7%, “Rubber and Plastic products” by 3.7%,  and “Dairy Products" by 0.7%.
However, prices fall are also noticed in "Cement and Other non-metallic products" by 3.3%, “Paper and Paper Products” by 3.2%, "Beverages" by 0.8%, and “Grain mill and Other Products” by 0.4%.

Electricity and Water
The PPI of this group showed a decrease of 0.5% compared to March 2017, resulting from a decreasing price seen in “Electricity” by 2.0%, and an increasing price in “Water” by 2.0%.

When compared the PPI of April, 2017, to the PPI of April, 2016, showed also decrease   [Y-o-Y] of 5.6%, resulting from the fall in both “Water” by 7.3%  and “Electricity” by 4.3%.

Overall Index (PPI of Industrial sector)
The PPI for April, 2017 is estimated at 54.4 points showing a decrease of 1.6% compared to the previous month’s March 2017. Due to the decrease has been noticed in “Mining”,  “Electricity & water” and “Manufacturing”. On [Y-o-Y] basis, PPI of April, 2017 showed a rise of 24.2% when compared to the PPI of April 2016.

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