- General PPI of Jun 2023 decreased by 3.24% when compared with previous month (M-O-M).
- General PPI of Jun 2023 decreased by 31.33% when compared with Jun 2022 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production decreased by 3.05% compared with May 2023.
Planning and Statistics Authority (PSA) has released the new Monthly Producer Price Index (PPI) of the Industrial sector for Jun 2023, which 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: 1.16%), and “Water” (weight: 0.53%).
The PPI for Jun 2023 is estimated at 108.86 points showing a decrease of 3.24%, when compared to the previous month’s May 2023. On [Y-o-Y] basis, PPI of Jun 2023 showed a decrease of 31.33%, when compared to the PPI of Jun 2022.
Mining and Quarrying:
The PPI of Jun 2023 for this sector showed a decrease by 3.05% when compared with PPI of May 2023, primarily due to the price decrease on “Crude petroleum and natural gas” by 3.05%, while no change noticed in “Other mining and quarrying”. PPI of Mining of Jun 2023, when compared with its counterpart in previous year (Jun 2022), there was a decrease of 31.42%, due to the price decrease on “Crude petroleum and natural gas” by 31.46%, followed “Other mining and quarrying” by 0.28%.
Manufacturing:
A decrease of 4.43% has been recorded in Jun 2023, when compared with the previous month’s Manufacturing index (May 2023). The prices decrease is seen in: “Chemicals and chemical products” by 5.34%, followed by “Refined petroleum products” by 4.58%, “Basic metals” by 4.22%, “Rubber and plastics products” by 3.92%, “Cement & other non-metallic mineral products” by 1.02%, and “Beverages” by 0.16%. The increasing prices are noticed in “Food products” by 0.18%. No change noticed in “Printing and reproduction of recorded media” in Jun 2023.
Compared with the index of counterpart in the previous year (Jun 2022), “Manufacturing” PPI of Jun 2023 showed a decrease of 33.54%. The major groups which explain this price decrease are: “chemicals and chemical products” by 41.13%, followed by “Refined Petroleum products” by 33.15%, “Basic metals” by 23.54%, “Cement & other non-metallic mineral products” by 1.26%. “Printing and reproduction of recorded media” by 0.84%, and “Rubber and Plastics products” by 0.29%. However, the increasing prices are noticed in “Food products” by 4.11%, and “Beverages” by 1.62%.
Electricity, gas, steam, and air conditioning supply:
The PPI of this group showed a decrease of 3.60% compared to May 2023. When compared the PPI of Jun 2023, to the PPI of Jun 2022 [Y-o-Y], showed an increase of 0.39%.
Water supply:
The PPI of this group showed a decrease of 0.44% compared to May 2023. When compared the PPI of Jun 2023, to the PPI of Jun 2022 [Y-o-Y], showed an increase of 18.02%.
