- General PPI of November 2016, increased by 6.4 % when compared with previous month.
- PPI of Crude Petroleum and Natural gas decreased by 8.6%, comparing with previous month.
- PPI of Manufacturing increased by 2.1%, 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 December 2016 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 December, 2016 shows an increase of 8.6% when compared with PPI of November 2016, primarily due to the increase of prices of “Crude petroleum and natural gas”. PPI of December 2016, when compared with its counterpart in the previous year, there has been a a considerable increase of 11.4%. Figure (1) & (2) shows the movement of “Mining” index during December 2015 and December 2016.
Manufacturing
An increase of 2.1% has been recorded in December, 2016, when compared with the previous month’s Manufacturing index during this year. The prices increase are seen in: “Basic Metals” by 7.3%, “Juices” by 3.2%, “Refined Petroleum Products” by 2.1%, “Dairy Product” by 1.8%, “Basic Chemicals” by 0.8%, Beverages” by 0.4%, Grain mill and Other products” by 0.2%. However, the decreasing prices are noticed in “Rubber and Plastics products” by 3.6%, and "Other Chemical products” by 0.6%. No change noticed in “Paper and Paper Products”. And Cement and other Non-metallic products”.
Comparing with the index of counterpart in the previous year (December 2015), “Manufacturing” PPI of December, 2016 showed a rise of 2.6%. The major groups which explain this price increase are “Other Chemical products” by 18.5%, “Juices” by 17.2%, “Refined Petroleum Products” by 8.2%, “Rubber and Plastic product” by 6.5%, “Dairy products” by 3.2%, “Beverages” by 2.8%.
However, prices fall are also noticed in “Basic Chemicals” by 8.5%,”Basic Metals” by 3.0%, “Cement and other Non-metallic products” by 1.1%, and “Grain Product” by 0.7%. No change noticed in “Paper and Paper Products”.
Figure (3) shows the graphical presentation of “Manufacturing” index during December 2015 to December 2016.
For mor information click here
