- General PPI of November 2022 decreased by 3.03% when compared with previous month (M-O-M).
- General PPI of November 2022 increased by 5.22% when compared with November 2021 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production decreased by 3.58%, compared with October2022
Planning and Statistics Authority (PSA) has released the new Monthly Producer Price Index (PPI) of the Industrial sector for November 2022, which calculated based on 2018 where the details of relative importance and prices for the base year of 2018 are used, Therefor the relatives of the main four industry sectors become as follow: “Mining” (weight: 82.46%), “Manufacturing” (weight: 15.85%), “Electricity” (weight: 1.15%), and “Water” (weight: 0.52%).
The PPI for November ,2022 is estimated at 143.57 points showing a decrease of 3.03%, when compared to the previous month’s October 2022. On [Y-o-Y] basis, PPI of November 2022 showed an increase of 5.22%, when compared to the PPI of November ,2021. .
Mining and Quarrying:
The PPI of November 2022 for this sector showed a decrease by 3.58% when compared with PPI of October 2022, primarily due to the price decrease on “Crude petroleum and natural gas” by 3.58%, while no change in “Other mining and quarrying”. PPI of Mining of November 2022, when compared with its counterpart in previous year (November 2021), there was an increase of 7.72%.
Manufacturing:
A decrease of 0.04% has been recorded in November 2022, when compared with the previous month’s Manufacturing index (October 2022). The prices decrease is seen in: “Basic metals” by 6.27%, followed by “Rubber and plastics products” by 0.89%, and “Cement & other non-metallic mineral products” by 0.26%. The increasing prices are noticed in “Refined petroleum products” by 2.59%, followed by “Food products” by 1.31%, and “Chemicals and chemical products” by 0.36%. no change noticed in “Beverages”, “Printing and reproduction of recorded media” in November 2022.
Comparing with the index of counterpart in the previous year (November 2021), “Manufacturing” PPI of November 2022 showed a decrease of 7.42%. The major groups which explain this price decrease are: “chemicals and chemical products” by 14.13%, followed by “Printing and reproduction of recorded media” by 3.49%, “Basic metals” by 2.77%, and “Beverages” by 0.84%. However, the increasing prices are noticed “Rubber and Plastics products” by 20.76%, followed by “Refined Petroleum products” by 7.54%, “Cement & other non-metallic mineral products” by 4.80%, and “Food products” by 4.45%.
Electricity, gas, steam, and air conditioning supply:
The PPI of this group showed an increase of 5.52% compared to October 2022. When compared the PPI of November 2022, to the PPI of November 2021 [Y-o-Y], showed an increase of 1.47%.
Water supply:
The PPI of this group showed a decrease of 2.37% compared to October 2022. When compared the PPI of November 2022, to the PPI of November 2021 [Y-o-Y], showed a decrease of 9.81%.
