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Monthly Producer Price Index of Industrial SectorOctober 2018(Base year 2013=100)

12/2/2018
 
  •  General PPI of October  2018, increased by 2.8% when compared with previous month (M-O-M).
  •  General PPI of October 2018, increased by 33.9% when compared with October 2017 (Y-O-Y).
  •  PPI of Crude Petroleum and Natural gas production increased by 3.9%, comparing with previous month.


    Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for October 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 October, 2018 for this sector showed an increase by 4.0% when compared with PPI of September 2018, primarily due to the increase of “Crude petroleum and natural gas” prices by 3.9%. PPI of October 2018, when compared with its counterpart in previous year (October 2017), there has been a considerable increase of 42.9%. Graph (1) showed the monthly movement of “Mining” index during October 2017 and October 2018, while Graph (2) showed the  monthly rate of change in General PPI and Mining.

Manufacturing
An increase of 0.8% has been recorded in October, 2018, when compared with the previous month’s Manufacturing index (September,2018). The prices increase are seen in: “Other chemical products and fibers” by 4.1%, “Rubber and Plastics products” by 2.4%, “Basic Chemicals" by 1.1%,


 “Refined Petroleum products” by 0.8%, “Grain mill and Other products” by 0.6%, “Dairy products” by 0.5%, “Basic Metals” by 0.1%. However, the decreasing prices are noticed in: “Beverages” by 1.2%, “Cement and Other non-metallic products” by 0.3%, “Juices” by 0.1%,  No change noticed in, "Paper and Paper products ”.
 


Comparing with the index of counterpart in the previous year (October 2017), “Manufacturing” PPI of October, 2018 showed a rise of 18.0%. The major groups which explain this price increase are “Refined Petroleum products” by 25.1%, followed by “Dairy products” by 16.2%, “Paper and Paper Products” by 10.7%, “Other chemical products and fibers” by 10.0%, “Basic chemicals” by 9.2%, "Juices" by 7.3%, “Basic Metals” by 3.9%, “Rubber and Plastics products” by 2.6%, “Grain mill and Other products” by 0.2%. However, prices fall also noticed in "Cement and Other non-metallic products” by 4.2% and “Beverages” by 1.0%.


Electricity and Water
The PPI of this group showed a decrease of 0.1% compared to September 2018, resulting from the decreasing price in “Water” by 6.9%, and an increasing  in “Electricity” by 7.4%. When compared the PPI of October, 2018, to the PPI of October, 2017 [Y-o-Y], showed an increase of 2.6%, affected by  prices rise in “Water” by 4.3%,  and “Electricity” by 1.1%.

Overall Index (PPI of Industrial sector)
The PPI for October, 2018 is estimated at 76.7 points showing an increase by 2.8%, when compared to the previous month’s September 2018. On [Y-o-Y] basis, PPI of October, 2018 showed a rise of 33.9% when compared to the PPI of October 2017. Graph (4) shows the monthly of PPI and rate of change during October 2017 to October 2018, also table (1) includes the PPI of October 2018 with monthly and yearly comparisons.

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