- General PPI of May 2022 increased by 2.76% when compared with previous month (M-O-M).
- General PPI of May 2022 increased by 70.88% when compared with May 2021 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production increased by 3.58%, compared with April2022
Planning and Statistics Authority (PSA) has released the new Monthly Producer Price Index (PPI) of the Industrial sector for May 2022, which is considered as the Third issues of PPI index calculated based on 2018. Where the details of relative importance and prices for the base year of 2018 are used, therefor the relatives of the main four industry sectors become as follow: “Mining” (weight: 82.46%), “Manufacturing” (weight: 15.85%), “Electricity” (weight: 1.15%), and “Water” (weight: 0.52%).
The PPI for May ,2022 is estimated at 160.34 points showing an increase of 2.76%, when compared to the previous month’s April 2022. On [Y-o-Y] basis, PPI of May 2022 showed an increase of 70.88%, when compared to the PPI of May ,2021.
Mining:
The PPI of May 2022 for this sector showed an increase by 3.58% when compared with PPI of April 2022, primarily due to the price increase on “Crude petroleum and natural gas” by 3.58%, while “Other mining and quarrying” decrease by 4.25%. PPI of May 2022, when compared with its counterpart in previous year (May 2021), there was an increase of 79.21%.
Manufacturing:
A decrease of 0.70% has been recorded in May 2022, when compared with the previous month’s Manufacturing index (April 2022). The prices decrease is seen in: “Chemicals and chemical products” by 2.17%, “Beverages” by 0.44%, and “Cement & other non-metallic mineral products” by 0.01%. The increasing prices are noticed in “Rubber and Plastics products” by 6.99%, “Basic metals” by 2.29%, “Refined Petroleum products” by 1.92%, “Food products” by 1.40%, and “Printing and reproduction of recorded media” 0.82%.
Comparing with the index of counterpart in the previous year (May 2021), “Manufacturing” PPI of May 2022 showed an increase of 41.62%. The major groups which explain this price increase are: “Refined Petroleum products” by 57.50%, followed by “chemicals and chemical products” by 45.39%, “Rubber and Plastics products” by 36.57%, “Basic metals” by 33.61%, “Cement & other non-metallic mineral products” by 13.93%, and “Food products” by 1.78%, However the decreasing prices are noticed in “Printing and reproduction of recorded media” by 4.44%, and “Beverages” by 0.79%.
Electricity, gas, steam and air conditioning supply:
The PPI of this group showed a decrease of 13.18% compared to April 2022. When compared the PPI of May 2022, to the PPI of May 2021 [Y-o-Y], showed an increase of 1.64%.
Water supply:
The PPI of this group showed an increase of 2.48% compared to April 2022. When compared the PPI of May 2022, to the PPI of May 2021 [Y-o-Y], showed a decrease of 3.36%.
