- General PPI of August 2021 decreased by 0.7% when compared with previous month (M-O-M).
- General PPI of August 2021, increased by 84.6% when compared with August,2020 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production decreased by 0.4%, comparing with previous month.
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for August 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 August 2021 for this sector showed a decrease by 0.4% when compared with PPI of July 2021, primarily due to the price decrease of “Crude petroleum and natural gas” by 0.4%, and 2.6% in “Stone, Sand and Clay”. PPI of August 2021, when compared with its counterpart in previous year (August 2020), there was an increase of 100.0%.
Manufacturing
A decrease of 0.9% has been recorded in August 2021, when compared with the previous month’s Manufacturing index (July 2021). The prices decrease are seen in: “Refined Petroleum products” by 1.4%, followed by “Paper and Paper products” by 1.1%, and “Basic Chemicals” by 0.2%. However, the increasing prices are noticed in “Rubber and Plastics products” by 1.9%, “Beverages”, and “Basic Metals” by 0.4% each, “Dairy products” by 0.3%, and “Cement and Other non-metallic products” by 0.2%. no change is noticed in “Juices”, “Grain mill and Other products, and “Other chemical products and fibers”.
Comparing with the index of counterpart in the previous year (August 2020), “Manufacturing” PPI of August 2021 showed an increase of 61.2%. The major groups which explain this price increase are: “Basic chemicals” by 89.7%, followed by “Refined Petroleum products” by 62.3%, “Basic Metals” by 50.0%, “Paper and Paper Products” by 13.0%, "Rubber and Plastics products” by 9.3%, “Other chemical products and fibers” by 3.6%, "Juices" by 3.2%, “Dairy products” by 0.9%, “Beverages” by 0.1%. However, prices fall in “Cement and Other non-metallic products” by 4.0%, and “Grain mill and Other products” by 0.9%.
Electricity and Water
The PPI of this group showed a decrease of 0.1% compared to July 2021, resulting from prices fall in “Electricity” by 1.4%, and prices increase in “Water” by 1.3%. When compared the PPI of August 2021, to the PPI of August 2020 [Y-o-Y], showed an increase of 8.4%, affected by prices rise in “Water” by 10.9%, and in “Electricity” by 5.9%.
Overall Index (PPI of Industrial sector)
The PPI for August,2021 is estimated at 75.5 points showing a decrease of 0.7%, when compared to the previous month’s July 2021. On [Y-o-Y] basis, PPI of August 2021 showed an increase of 84.6% when compared to the PPI of August,2020.
