- General PPI of August 2018, increased by 4.1% when compared with previous month (M-O-M).
- General PPI of August 2018, increased by 40.2% when compared with August 2017 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production increased by 4.9%, comparing with previous month.
Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for August 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 August, 2018 showed an increase by 4.9%, when compared with PPI of July 2018, primarily due to the increase of “Crude petroleum and natural gas” prices. PPI of August 2018. When compared with its counterpart in previous year (August 2017), there has been a considerable increase of 48.0%.
Manufacturing
An increase of 2.2% has been recorded in August, 2018, when compared with the previous month’s Manufacturing index (July,2018). The prices increase are seen in: “juices" by 3.3%, “Refined Petroleum products” by 3.2%, “Basic Chemicals" by 1.3%, and “Dairy products” by 1.1%. However, the decreasing prices are noticed in “Rubber and Plastics products” by 2.8%, “Basic Metals” by 1.3%, “Grain mill and Other products” by 1.0%, “Beverages” by 0.6%, and “Cement and Other non-metallic products” by 0.5%. No change noticed in “Paper and Paper products ” and “Other chemical products and fibers”.
Comparing with the index of counterpart in the previous year (August 2017), “Manufacturing” PPI of August , 2018 showed a rise of 25.9%. The major groups which explain this price increase are
“Refined Petroleum products” by 34.7%, followed by “Basic Metals” by 15.7%, “Basic chemicals” by 14.6%, “Paper and Paper Products” by 12.3%, “Dairy products” by 11.9%, “Other chemical products and fibers” by 5.5%, "Juices" by 3.5%, and “Rubber and Plastics products” by 1.2%, and “Grain mill and Other products” by 0.2%.
However, prices fall also noticed in "Cement and Other non-metallic products” by 3.8%, and “Beverages” by 1.7%.
Electricity and Water
The PPI of this group showed a decrease of 2.5% compared to July 2018, resulting from an decreasing price in “Water” by 3.6%, and “Electricity” by 1.4%. When compared the PPI of August , 2018, to the PPI of August, 2017 [Y-o-Y], showed an increase of 1.9%, affected by prices rise in “Electricity” by 5.1%, and a decrease “Water” by 1.3%.
Overall Index (PPI of Industrial sector)
The PPI for August, 2018 is estimated at 73.2 points showing an increase by 4.1%, when compared to the previous month’s July 2018. On [Y-o-Y] basis, PPI of August, 2018 showed a rise of 40.2% when compared to the PPI of August ,2017.
