Planning and Statistics Authority (PSA) has released the new Monthly Producer Price Index (PPI) of the Industrial sector for April 2022, which is considered as the Second issues of PPI index calculated based on 2018. Where the details of relative importance and prices for the base year of 2018 are used, therefor the relatives of the main four industry sectors become as follow: “Mining” (weight: 82.46%), “Manufacturing” (weight: 15.85%), “Electricity” (weight: 1.15%), and “Water” (weight: 0.52%). 

The PPI for April ,2022 is estimated at 161.31 points showing an increase of 10.74%, when compared to the previous month’s March 2022. On [Y-o-Y] basis, PPI of April 2022 showed an increase of 87.79%, when compared to the PPI of April ,2021.

 Mining

The PPI of April 2022 for this sector showed an increase by 11.77% when compared with PPI of March 2022, primarily due to the price increasing of “Crude petroleum and natural gas” by 11.79%, and “Other mining and quarrying” decrease by 1.95%. PPI of April 2022, when compared with its counterpart in previous year (April 2021), there was an increase of 99.65%. 

 An increase of 5.85% has been recorded in April 2022, when compared with the previous month’s Manufacturing index (March 2022). The prices increase is seen in: “Refined Petroleum products” by 8.5%, followed by “Chemicals and chemical products” by 6.29%, “Basic metals” by 5.39%, “Printing and reproduction of recorded media” 1.46%, “Cement & other non-metallic mineral products” by 0.90%. and “Beverages” by 0.61%. However, the decreasing prices are noticed in “Rubber and Plastics products” by 1.96% and “food products” by 0.74%.

 

Comparing with the index of counterpart in the previous year (April 2021), “Manufacturing” PPI of April 2022 showed an increase of 46.72%. The major groups which explain this price increase are: “Refined Petroleum products” by 71.12%, followed by “chemicals and chemical products” by 51.11%, “Basic metals” by 35.33%, “Rubber and Plastics products” by 34.03%, “Cement & other non-metallic mineral products” by 13.66%, and “food products” by 0.44%, However the decreasing prices are noticed in “Beverages” by 2.62% and “Printing and reproduction of recorded media” by 1.01%.   

The PPI of this group showed an increase of 0.31% compared to March 2022. When compared the PPI of April 2022, to the PPI of April 2021 [Y-o-Y], showed an increase of 7.85%. 

The PPI of this group showed an increase of 0.74% compared to March 2022. When compared the PPI of April 2022, to the PPI of April 2021 [Y-o-Y], showed a decrease of 7.76%. 

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