​

• General PPI of January 2018, increased by 5.9 % when compared with previous month ( M-O-M).
•  General PPI of January  2018, increased by 18.7% when compared with January 2017 ( Y-O-Y).
•  PPI of Crude Petroleum and Natural gas production increased by 7.6%, comparing with previous month.
   
  
  Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for January 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 January, 2018 showed an increase of 7.6% when compared with PPI of December 2017, primarily due to the increase of prices of “Crude petroleum and natural gas” with 7.6%. PPI of January 2018, when compared with its counterpart in the previous year (January 2017), there has been a considerable increase of 19.9%.

Manufacturing
An increase of 3.1% has been recorded in January, 2018, when compared with the previous month’s Manufacturing index ( December,2017). The prices increase are seen in: “Basic Metals” by 6.5%,“ Basic Chemicals "by 5.1%,“ Refined Petroleum products " by 2.3%,“ Cement and Other non-metallic products” by 0.6%. However, the decreasing prices are noticed in “Rubber and Plastics products” by 2.3%, “Grain mill and Other products” by 0.3%, No monthly change noticed in “Juices”, “Dairy products”, “Beverages”, “Paper and Paper Products”, “Other chemical products and fibers” . 

Comparing with the index of counterpart in the previous year (January 2017), “Manufacturing” PPI of January, 2018 showed a rise of 16.4%. The major groups which explain this price increase are
“Refined Petroleum Products” by 20.1%, followed by “Basic Metals” by 19.5%,“Basic Chemicals” by 10.1%, “Other chemical products and fibers” by 5.0%, “Dairy products” by 4.2%,“ Paper and Paper Products” by 4.0%, “Grain mill and Other products” by 1.4%, and “Juices” by 0.7%. However, prices fall also noticed in "Cement and Other non-metallic products" by 4.5%," Beverages” by 1.0% “Rubber and Plastics products” by 0.8%.

Electricity and Water
The PPI of this group showed a decrease of 2.5% compared to December 2017, resulting from a decreasing price seen in “Water” by 9.1%, and an increasing in “Electricity” by 2.0%.
When compared the PPI of January, 2018, to the PPI of January, 2017, showed an increase  [Y-o-Y] of 3.0%, affected by  a rise in  “Electricity” by 9.0%  and a fall in   “Water” by 5.4% .

Overall Index (PPI of Industrial sector)
The PPI for January, 2018 is estimated at 66.1 points showing an increase of 5.9% compared to the previous month’s December 2017. On [Y-o-Y] basis, PPI of January, 2018 showed a rise of 18.7% when compared to the PPI of January 2017.

For more information click here