- General PPI of October 2021 increased by 13.5% when compared with Spetember2021 (M-O-M).
- General PPI of October 2021, increased by 102.3% when compared with October,2020 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production increased by 16.3%, comparing with Spetember2021.
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for October 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 October 2021 for this sector showed an increase by 16.3% when compared with PPI of September 2021, primarily due to the price increasing of “Crude petroleum and natural gas” by 16.3%, and 0.9% in “Stone, Sand and Clay”. PPI of October 2021, when compared with its counterpart in previous year (October 2020), there was an increase of 122.2%.
Manufacturing
An increase of 7.9% has been recorded in October 2021, when compared with the previous month (September 2021). The prices increase is seen in: “Refined Petroleum products” by 9.2%, followed by “Basic Chemicals” by 7.7%, “Basic Metals” by 2.9%, “Rubber and Plastics products” by 2.6%, “Cement and Other non-metallic products” by 2.1%, and “Grain mill and Other products” by 0.9%. However, the decreasing prices are noticed in “Beverages” by 1.6%, “Dairy products” by 0.6%, and “Other chemical products and fibers” by 0.4%. no change is noticed in “Juices”, and “Paper and Paper products”.
Comparing with the index of counterpart in the previous year (October 2020), “Manufacturing” PPI of October 2021 showed an increase of 70.0%. The major groups which explain this price increase are: “Basic chemicals” by 110.9%, followed by “Refined Petroleum products” by 73.0%, “Basic Metals” by 35.1%, "Rubber and Plastics products” by 13.3%, “Paper and Paper Products” by 11.4%, “Other chemical products and fibers” by 6.2%, “Cement and Other non-metallic products” by 0.7%, and “Grain mill and Other products” by 0.6%. However, prices fall in "Juices" by 1.2%, and “Beverages” by 1.1%. no change is noticed in “Dairy products”.
Electricity and Water
The PPI of this group showed an increase of 3.5% compared to September 2021, resulting from prices rise in “Water” by 4.6%, and in “Electricity” by 2.4%. When compared the PPI of October 2021, to the PPI of October 2020 [Y-o-Y], showed an increase of 8.0%, affected by prices rise in “Water” by 13.6%, and in “Electricity” by 2.6%.
Overall Index (PPI of Industrial sector)
The PPI for October,2021 is estimated at 89.4 points showing an increase of 13.5%, when compared to the previous month (September 2021). On [Y-o-Y] basis, PPI of October 2021 showed an increase of 102.3% when compared to the PPI of October,2020.
