General PPI of October 2017, increased by 4.6 % when compared with previous month ( M-O-M).
General PPI of October 2017, increased by 14.8% when compared with October 2016 ( Y-O-Y).
PPI of Crude Petroleum and Natural gas increased by 3.9%, comparing with previous month.
PPI of Manufacturing increased by 5.6%, 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 October 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 October, 2017 showed an increase of 3.9% when compared with PPI of September 2017, primarily due to the increase of prices of “Crude petroleum and natural gas” with 3.9%. PPI of October 2017, when compared with its counterpart in the previous year (October 2016), there has been a considerable increase of 11.8%.
Manufacturing
An increase of 5.6% has been recorded in October, 2017, when compared with the previous month’s Manufacturing index during this year. The prices increase are seen in: “Basic Metals" by 7.1%, “Refined Petroleum products " by 6.3%, “Basic Chemicals” by 4.4%, “Rubber and Plastics products” by 0.9%, and “Grain mill and Other products " by 0.4%. However, the decreasing prices are noticed in “Other chemical products and fibers”, and "Cement and Other non-metallic products" by 0.2% for each. No monthly change noticed in other groups.
Comparing with the index of counterpart in the previous year (October 2016), “Manufacturing” PPI of October, 2017 showed a rise of 21.1%. The major groups which explain this price increase are “Basic Metals” by 28.1%, “Refined Petroleum Products” by 25.5%, “Basic Chemicals” by 14.7%, “Other chemical products and fibers” by 9.3%, “Juices” by 3.8%, and “Grain mill and Other Products” by 1.4%. However, prices fall also noticed in "Cement and Other non-metallic products" by 3.7%, “Rubber and Plastics products” by 3.2%, “Beverages” by 2.8%, "Paper and Paper Products” by 2.2%, and "Dairy products” by 1.2%.
Electricity and Water
The PPI of this group showed an increase of 1.2% compared to September 2017, resulting from a an increasing price seen in “Electricity” by 7.9%, and decreasing in “Water” by 5.4%.
When compared the PPI of October, 2017, to the PPI of October, 2016, showed an increase
[Y-o-Y] of 10.2%, affected by a rise in both “Water” by 14.1% and “Electricity” by 7.0% .
Overall Index (PPI of Industrial sector)
The PPI for October, 2017 is estimated at 57.3 points showing an increase of 4.6% compared to the previous month’s September 2017. On [Y-o-Y] basis, PPI of October, 2017 showed a rise of 14.8% when compared to the PPI of October 2016.
