Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for October 2014 which covers Mining, Electricity & Water and Manufacturing activities. This indicator is a measure of the average selling prices received by domestic producers for their output. The PPI for October, 2014 stands at 148.2, which shows a decrease of 6.4% over the PPI of September 2014; and 13.3% (year-on-year) when compared to the PPI of October 2013. Compared with September 2014 index, the overall PPI decline of 6.4% in October, 2014, is explained as under: “Mining” group (with a weight of 77%), registers a decline of 7.6%, mainly due to decrease in prices of Crude petroleum and Natural gas by 7.7%. “Manufacturing” group PPI (with a weight of 21%) shows a fall of 1.7%. This fall is the combined result of price falls seen in “Refined Petroleum products” by 3.3%, “Grain mill and other products”, by 1.3%, “Basic metals” by 0.6% and “Beverages” group by 0.2%; and price increases noticed in “Basic Chemicals” by 1.3%, and “Cement and other “non-metallic products” groups by 0.6%.The PPI of “Electricity and water” group (with 2.0% weightage) shows an increase of 0.8%, resulting from price rises seen in  Electricity and Water by 0.4% and 1.5%, respectively.The overall PPI of October, 2014, compared to the PPI of October, 2013, has decreased (year-on year) by 13.3%. The “Mining” group PPI leads this drop, where Crude petroleum and Natural gas prices tumble by 15.4%. The “Manufacturing” group PPI shows a decline of 4.5% in October, 2014, when compared to the PPI of October, 2013. The major products where price fall is seen include “Refined Petroleum Products”, slumping by 7.9% and “Beverages”, down by 2.9%.  However, price rises are noticed in “Dairy products” by 5.2%, “Cement and other non-metallic products” by 2.6%, "Basic Metals” by 1.2%, “Basic chemicals” by 0.1%, and “Grain mill and other products” by 0.5%.The PPI for “Electricity & Water” shows a decrease of 2.3%, resulting from the price falls seen in Electricity by 2.6% and Water by 1.8%. Further details on monthly/annual comparison of indices are available in Table (1) and figures (1) and (2) of the Press Release, and more detailed data and indexes are available on QALM.