- General PPI of July 2021 increased by 6.6% when compared with previous month (M-O-M).
- General PPI of July 2021, increased by 94.9% when compared with July,2020 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production increased by 7.0%, comparing with previous month.
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for June 2021 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 July 2021 for this sector showed an increase by 6.9% when compared with PPI of June 2021, primarily due to the price increase of “Crude petroleum and natural gas” by 7.0%, while no change noticed in “Stone, Sand and Clay”. PPI of July 2021, when compared with its counterpart in previous year (July 2020), there was an increase of 115.1%.
Manufacturing
An increase of 6.0% has been recorded in July 2021, when compared with the previous month’s Manufacturing index (June 2021). The prices increase are seen in: “Refined Petroleum products” by 7.2%, followed by “Basic Metals” by 6.2%, “Basic Chemicals” by 4.3%, “Paper and Paper products” by 1.1%, “Rubber and Plastics products” by 0.7%, and “Grain mill and Other products” by 0.1%, However, the decreasing prices are noticed in “Cement and Other non-metallic products” by 1.4%, “Dairy products” by 2.9%, and “Beverages” by 0.2%. no change is noticed in “Juices” and “Other chemical products and fibers”.
Comparing with the index of counterpart in the previous year (July 2020), “Manufacturing” PPI of July 2021 showed an increase of 66.1%. The major groups which explain this price increase are: “Basic chemicals” by 94.8%, followed by “Refined Petroleum products” by 68.7%, “Basic Metals” by 51.8%, “Paper and Paper Products” by 16.6%, "Rubber and Plastics products” by 8.6%, “Other chemical products and fibers” by 1.8%, and "Juices" by 0.8%, However, prices fall in “Cement and Other non-metallic products” by 6.1%, followed by “Grain mill and Other products” by 1.3%, “Beverages” by 0.4%, and “Dairy products” by 0.2%.
Electricity and Water
The PPI of this group showed a decrease of 0.9% compared to June 2021, resulting from prices fall in “Water” by 1.5%, and in “Electricity” by 0.4%. When compared the PPI of July 2021, to the PPI of July 2020 [Y-o-Y], showed an increase of 10.7%, affected by prices rise in “Water” by 11.9%, and in “Electricity” by 9.4%.
Overall Index (PPI of Industrial sector)
The PPI for July,2021 is estimated at 76.0 points showing an increase of 6.6%, when compared to the previous month’s June 2021. On [Y-o-Y] basis, PPI of July 2021 showed an increase of 94.9% when compared to the PPI of July,2020.
