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Ministry of Development Planning and Statistics (MDPS) have released the Monthly Producer Price Index (PPI) of the Industrial sector which covers Mining, Electricity & Water and Manufacturing activities, for April, 2014. This indicator is a measure of the average changes in selling prices received by domestic producers for their output. The PPI for April, 2014 stands at 169.8, which shows a decrease of 3.1% over the PPI of March 2014; and an increase of 0.6% (year-on-year) when compared to the PPI of and of April 2013.
The overall PPI for April, 2014 has declined by 3.1% (month-on-month) over the PPI of March 2014. “Mining” group (with 77% weightage) PPI has decreased by 3.3%, primarily due to the overall price decrease seen in the “Crude petroleum and natural gas” group by the same percentage. “Manufacturing” group (with a weight of 21%) PPI shows a decline of 2.1% over the PPI of March, 2014. The fall is explained by the combined effect of decreasing prices, seen in: Refined Petroleum products by 3.2%, Basic Chemicals by 2.2%, Beverages by 0.7% and Dairy Products by 0.6%; and increasing prices noted in: Basic Metals by 3.8%, Cement and other non-metallic products by 1.2% and grain mail other products by 0.6%.The PPI for “Electricity & Water” (representing about 2.0% weight) shows a decline of 0.7%, resulting from the price fall seen in water by 2.5% coupled with the price rise in electricity by 0.2%.The overall PPI of April, 2014, compared to the PPI of April, 2013, has increased (year-on year) by 0.6%. The “Mining” group PPI shows an increase of 0.4%, primarily due to the price increase seen in “Crude petroleum and natural gas” group by the similar percentage. The “Manufacturing” group PPI shows an increase of 1.4% in April, 2014, when compared to the PPI of April, 2013. The major groups which explain this price rise include: Basic metals by 9.8%, Basic chemicals by 4.8% and Grain mill and other products by 1.2%. However, price declines are noticed in Dairy products by 4.5%, Beverages by 2.4%, and refined petroleum products by 0.9%.The PPI for “Electricity & Water” shows an increase of 0.2%, resulting from the combined effect of price rise seen in water by 2.0% and price fall noticed in electricity by 1.0%.Further details on monthly/annual comparison of indices are available in Table (1) and figures (1) and (2) of the Press Release.
More detailed data and indexes are available on QALM