- General PPI of September 2021 increased by 4.4% when compared with previous month (M-O-M).
- General PPI of September 2021, increased by 87.2% when compared with September,2020 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production decreased by 5.2%, comparing with previous month.
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for September 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 September 2021 for this sector showed an increase by 5.2% when compared with PPI of August 2021, primarily due to the price increase of “Crude petroleum and natural gas” by 5.2%, and “Stone, Sand and Clay” by 2.6%. PPI of September 2021, when compared with its counterpart in previous year (September 2020), there was an increase of 102.2%. Graph (1) showed the monthly movement of “Mining” index during September 2020 and September 2021.
Manufacturing
An increase of 2.8% has been recorded in September 2021, when compared with the previous month’s Manufacturing index (August 2021). The prices increase is seen in: “Refined Petroleum products” by 3.9%, followed by “Cement and Other non-metallic products” by 2.0%, “Basic Chemicals” by 1.9%, “Rubber and Plastics products” by 0.4%, “Grain mill and Other products” by 0.2%, and “Dairy products”, and “Beverages” by 0.1%. However, the decreasing prices are noticed in “Juices” by 2.7%, and “Paper and Paper products” by 0.5%. no change is noticed in “Other chemical products and fibers”, and “Basic Metals”.
Comparing with the index of counterpart in the previous year (September 2020), “Manufacturing” PPI of September 2021 showed an increase of 63.3%. The major groups which explain this price increase are: “Basic chemicals” by 92.4%, followed by “Refined Petroleum products” by 67.6%, “Basic Metals” by 38.3%, “Paper and Paper Products” by 12.5%, "Rubber and Plastics products” by 9.7%, “Other chemical products and fibers” by 3.1%, “Dairy products” by 0.8%, “Beverages” by 0.6%. However, prices fall in “Cement and Other non-metallic products” by 3.1%, "Juices", and “Grain mill and Other products” by 0.8% each.
Electricity and Water
The PPI of this group showed a decrease of 0.6% compared to August 2021, resulting from prices fall in “Water” by 1.0%, and “Electricity” by 0.1%. When compared the PPI of September 2021, to the PPI of September 2020 [Y-o-Y], showed an increase of 13.8%, affected by prices rise in “Water” by 22.0%, and in “Electricity” by 6.3%.
Overall Index (PPI of Industrial sector)
The PPI for September,2021 is estimated at 78.8 points showing an increase of 4.4%, when compared to the previous month’s August 2021. On [Y-o-Y] basis, PPI of September 2021 showed an increase of 87.2% when compared to the PPI of September,2020.
