Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for November 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 November 2021 for this sector showed an increase by 3.9% when compared with PPI of October 2021, primarily due to the price increasing of “Crude petroleum and natural gas” by 3.9%, and 0.2% in “Stone, Sand and Clay”. PPI of November 2021, when compared with its counterpart in previous year (November 2020), there was an increase of 113.5%. 

Manufacturing: An increase of 7.3% has been recorded in November 2021, when compared with the previous month’s Manufacturing index (October 2021). The prices increase is seen in: “Basic Chemicals” by 13.5%, followed by “Refined Petroleum products” by 6.1%, “Basic Metals” by 3.7%, “Rubber and Plastics products” by 1.1%, “Juices” by 0.8%, “Grain mill and Other products” by 0.3%, and “Cement and Other non-metallic products” by 0.2%. However, the decreasing prices are noticed in “Other chemical products and fibers” by 8.6%, “Dairy products” and “Beverages” by 0.1%. no change is noticed in  “Paper and Paper products”. 

Comparing with the index of counterpart in the previous year (November 2020), “Manufacturing” PPI of November 2021 showed an increase of 78.3%. The major groups which explain this price increase are: “Basic chemicals” by 134.1%, followed by “Refined Petroleum products” by 77.3%, “Basic Metals” by 40.0%, "Rubber and Plastics products” by 14.1%, “Paper and Paper Products” by 11.4%, “Cement and Other non-metallic products” by 3.3%, and “Grain mill and Other products” by 1.4%. However, prices fall in “Other chemical products and fibers” by 2.9%, “Beverages” by 2.1%, "Juices" by 0.5%, and “Dairy products” by 0.2%. 

  

Electricity and Water: The PPI of this group showed an increase of 7.4% compared to October 2021, resulting from prices rise in “Electricity” by 11.2%, and “Water” by 3.8%. When compared the PPI of November 2021, to the PPI of November 2020 [Y-o-Y], showed an increase of 14.1%, affected by prices rise in “Water” by 18.2%, and in “Electricity” by 10.2%.

Overall Index (PPI of Industrial sector): The PPI for November,2021 is estimated at 93.9 points showing an increase of 5.0%, when compared to the previous month’s October 2021. On [Y-o-Y] basis, PPI of November 2021 showed an increase of 100.2% when compared to the PPI of November,2020. 

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