- General PPI of December 2021 decreased by 1.3% when compared with previous month (M-O-M).
- General PPI of December 2021, increased by 82.8% when compared with December,2020 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production decreased by 2.3%, comparing with previous month.
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for December 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 December 2021 for this sector showed a decrease by 2.3% when compared with PPI of November 2021, primarily due to the price decreasing of “Crude petroleum and natural gas” by 2.3%, while “Stone, Sand and Clay” increase by 1.1%. PPI of December 2021, when compared with its counterpart in previous year (December 2020), there was an increase of 90.8%.
Manufacturing
An increase of 0.6% has been recorded in December 2021, when compared with the previous month’s Manufacturing index (November 2021). The prices increase is seen in: “Basic Chemicals” by 8.4%, followed by “Basic Metals” by 2.0%, “Dairy products” by 1.0%. “Juices” by 0.2%, “Grain mill and Other products” by 0.1%. However, the decreasing prices are noticed in “Refined Petroleum products” by 2.7%, “Rubber and Plastics products” by 1.2%, and “Cement and Other non-metallic products” by 0.4%, no change is noticed in “Beverages”, “Paper and Paper products”, and “Other chemical products and fibers”.
Comparing with the index of counterpart in the previous year (December 2020), “Manufacturing” PPI of December 2021 showed an increase of 69.8%. The major groups which explain this price increase are: “Basic chemicals” by 131.8%, followed by “Refined Petroleum products” by 62.3%, “Basic Metals” by 45.1%, "Rubber and Plastics products” by 11.3%, “Paper and Paper Products” by 8.9%, “Cement and Other non-metallic products” by 2.9%, “Grain mill and Other products” by 1.1%. and “Dairy products” by 0.6%. However, prices fall in “Other chemical products and fibers” by 2.9%, "Juices" by 1.0%, and “Beverages” by 1.3%.
Electricity and Water
The PPI of this group showed an increase of 7.9% compared to November 2021, resulting from prices rise in “Electricity” by 14.8%, and “Water” by 1.0%. When compared the PPI of December 2021, to the PPI of December 2020 [Y-o-Y], showed an increase of 5.6%, affected by prices rise in “Water” by 17.7%, while a decrease in “Electricity” by 3.0%.
Overall Index (PPI of Industrial sector)
The PPI for December,2021 is estimated at 92.7 points showing a decrease of 1.3%, when compared to the previous month’s November 2021. On [Y-o-Y] basis, PPI of December 2021 showed an increase of 82.8% when compared to the PPI of December,2020.
