- General PPI of August 2017, increased by 2.2 % when compared with previous month ( M-O-M).
- General PPI of August 2017, increased by 10.4% when compared with August 2016( Y-O-Y).
- PPI of Crude Petroleum and Natural gas increased by 1.7%, comparing with previous month.
- PPI of Manufacturing increased by 3.3%, 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 August 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 August, 2017 showed an increase of 1.7% when compared with PPI of July 2017, primarily due to the increase of prices of “Crude petroleum and natural gas” with the same percentage. PPI of August 2017, when compared with its counterpart in the previous year, there has been a considerable increase of 10.1%. Figure (1) showed the monthly movement of “Mining” index during August 2016 and August 2017.
Manufacturing
An increase of 3.3% has been recorded in August, 2017, when compared with the previous month’s Manufacturing index during this year. The prices increase are seen in: “Refined Petroleum
products” by 5.5%, “Other chemical products and fibers” by 5.1%, “Dairy products” by 1.5%, “Basic chemicals" by 0.6%. However, the decreasing prices are noticed in: “Beverages” by 1.6%, “Juices” by 1.4%, “Paper and Paper Products”, "Cement and other Non-metallic products" by 0.9% for each, " Rubber and Plastics products" by 0.7%, “Grain mill and Other products” by 0.5% and “Basic Metals” by 0.4%.
Comparing with the index of counterpart in the previous year (August 2016), “Manufacturing” PPI of August, 2017 showed a rise of 11.1%. The major groups which explain this price increase are “Refined Petroleum Products” by 19.2%, “Other chemical products and fibers” by 16.7%, “Juices” by 6.1%, “Rubber and Plastics products” by 1.9%, " Basic Metals " “by 1.7%, “Grain mill and Other Products” by 0.8% and "Basic Chemicals” by 0.3%.
However, prices fall also noticed in "Cement and Other non-metallic products" by 3.7%, “Paper and Paper Products” by 3.6% and " Beverages" by 1.4%.
Electricity and Water
The PPI of this group showed a decrease of 1.2% compared to July 2017, resulting from a decreasing price seen in “Water” by 1.9% and “Electricity” by 0.5%.
When compared the PPI of August, 2017, to the PPI of August, 2016, showed an increase [Y-o-Y] of 4.7%, resulting from the rise in “Water” by 18.1% and fall in “Electricity” by 6.2% .
Overall Index (PPI of Industrial sector)
The PPI for August, 2017 is estimated at 52.2 points showing an increase of 2.2% compared to the previous month’s July 2017. On [Y-o-Y] basis, PPI of August, 2017 showed a rise of 10.4% when compared to the PPI of August 2016. Figure (4) shows the monthly of PPI and rate of change during August 2016 to August 2017 .
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