Page Content
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 May, 2014. This indicator is a measure of the average changes in selling prices received by domestic producers for their output. The PPI for May, 2014 stands at 170.3, which shows an increase of 0.3% over the PPI of April 2014; and an increase of 3.1% (year-on-year) when compared to the PPI of May 2013.
The overall PPI for May, 2014 has an increase by 3.1% (month-on-month) over the PPI of April 2014. “Mining” group (with 77% weightage) PPI has increased by 0.1%, primarily due to the overall price increase seen in the “Crude petroleum and natural gas” group by the same percentage. “Manufacturing” group (with a weight of 21%) PPI shows a rise of 1.3% over the PPI of April, 2014. The increase is explained by the combined effect of increasing prices, seen in: Basic Chemicals by 2.9%, Cement and other non-metallic products by 1.1%, Dairy Products by 0.8%, Refined Petroleum products by 0.7%, Basic Metals by 0.3%, and decreasing prices noted in: Beverages by 0.7% and Grain mail products by 0.4%.The PPI for “Electricity & Water” (representing about 2.0% weight) shows a decline of 1.1%, resulting from the price rise seen in water by 0.2% coupled with the price fall in electricity by 1.7%.The overall PPI of May, 2014, compared to the PPI of May, 2013, has increased (year-on year) by 3.1%. The “Mining” group PPI shows an increase of 2.9%, primarily due to the price increase seen in “Crude petroleum and natural gas” group by 3.0%. The “Manufacturing” group PPI shows an increase of 4.3% in May, 2014, when compared to the PPI of May, 2013. The major groups which explain this price rise include: Basic chemicals by 9.3%, Basic metals by 7.2%, refined petroleum products by 2.1%, Cement and other non-metallic products 1.2%.However, price declines are noticed in Beverages by 2.7%. The PPI for “Electricity & Water” shows a decrease of 1.7%, resulting from the combined effect of price rise seen in water by 1.2% and price fall noticed in electricity by 3.4%.Further details on monthly/annual comparison of indices are available in Table (1) and figures (1) and (2) of the Press Release.
Table(1) & figures: Here
More detailed data and indexes are available on QALM