- General PPI of July 2017, decreased by 1.5% when compared with previous month ( M-O-M).
- General PPI of July 2017, increased by 11.1% when compared with July 2016( Y-O-Y).
- PPI of Crude Petroleum and Natural gas decreased by 1.7%, comparing with previous month.
- PPI of Manufacturing decreased by 1.2%, 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 July 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 July, 2017 showed a decrease of 1.7 % when compared with PPI of June 2017, primarily due to the decrease of prices of “Crude petroleum and natural gas” with the same percentage. PPI of July 2017, when compared with its counterpart in the previous year, there has been a considerable increase of 14.5%.
Manufacturing
A decrease of 1.2% has been recorded in July, 2017, when compared with the previous month’s Manufacturing index during this year. The prices decrease are seen in: “Basic chemicals" by 3.0%, “Refined Petroleum products” by 1.2%,“Cement and other Non-metallic products" by 1.0%. However, the increasing prices are noticed in " Rubber and Plastics products" by 5.0%, “Other chemical products and fibers” by 1.8%, “Juices” by 1.5%, “Dairy products” by 0.2%, and “Beverages” by 0.1%. No monthly change noticed in “Grain mill and Other products” , “Paper and Paper Products” and “Basic Metals”.
Comparing with the index of counterpart in the previous year (July 2016), “Manufacturing” PPI of July, 2017 showed a rise of 5.2%. The major groups which explain this price increase are “Other chemical products and fibers” by 16.1%, “Refined Petroleum Products” by 9.6%, “Juices” by 7.6%, “Rubber and Plastics products” by 1.8%, “Grain mill and Other Products” by 0.3%, “. No change in “Basic Chemicals”.
However, prices fall also noticed in "Cement and Other non-metallic products" by 3.3%, “Paper and Paper Products” by 2.7%, " Basic Metals " by 1.7%, " Dairy products" by 1.3%, " Beverages" by 0.2%.
Electricity and Water
The PPI of this group showed an decrease of 5.1% compared to June 2017, resulting from a decreasing price seen in “Water” by 5.2% and “Electricity” by 5.0%.
When compared the PPI of July, 2017, to the PPI of July, 2016, showed an increase [Y-o-Y] of 9.2%, resulting from the rise in “Water” by 26.8% and fall in “Electricity” by 4.5% .
Overall Index (PPI of Industrial sector)
The PPI for July, 2017 is estimated at 51.1 points showing a decrease of 1.5% compared to the previous month’s June 2017. On [Y-o-Y] basis, PPI of July, 2017 showed a rise of 11.1% when compared to the PPI of July 2016.
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