- General PPI of July 2022 increased by 2.41% when compared with previous month (M-O-M).
- General PPI of July 2022 increased by 51.35% when compared with July 2021 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production increased by 4.26%, compared with June2022.
Planning and Statistics Authority (PSA) has released the new Monthly Producer Price Index (PPI) of the Industrial sector for July 2022, which is considered as the Fifth 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 July ,2022 is estimated at 162.34 points showing an increase of 2.41%, when compared to the previous month’s June 2022. On [Y-o-Y] basis, PPI of July 2022 showed an increase of 51.35%, when compared to the PPI of July ,2021.
Mining and Quarrying:
The PPI of July 2022 for this sector showed an increase by 4.25% when compared with PPI of June 2022, primarily due to the price increase on “Crude petroleum and natural gas” by 4.26%, and “Other mining and quarrying” increase by 1.28%. PPI of Mining of July 2022, when compared with its counterpart in previous year (July 2021), there was an increase of 58.73%.
Manufacturing:
A decrease of 7.42% has been recorded in July 2022, when compared with the previous month’s Manufacturing index (June 2022). The prices decrease is seen in: “Chemicals and chemical products” by 8.48%, followed by “Refined petroleum products” by 7.86%, “Basic metals” by 7.10%, “Cement & other non-metallic mineral products” by 1.49%, “Printing and reproduction of recorded media” 0.84%, “Rubber and plastics products” by 0.45%, and “Food products” by 0.10%. The increasing prices are noticed in “Beverages” by 0.51%.
Comparing with the index of counterpart in the previous year (July 2021), “Manufacturing” PPI of July 2022 showed an increase of 21.19%. The major groups which explain this price increase are: “Rubber and Plastics products” by 38.07%, followed by “Refined Petroleum products” by 30.00%, “chemicals and chemical products” by 21.54%, “Basic metals” by 18.72%, “Cement & other non-metallic mineral products” by 9.43%, and “Food products” by 2.95%, However the decreasing prices are noticed in “Printing and reproduction of recorded media” by 5.03%, and “Beverages” by 1.11%.
Electricity, gas, steam and air conditioning supply:
The PPI of this group showed a decrease of 1.53% compared to June 2022. When compared the PPI of July 2022, to the PPI of July 2021 [Y-o-Y], showed an increase of 9.16%.
Water supply:
The PPI of this group showed an increase of 2.39% compared to June 2022. When compared the PPI of July 2022, to the PPI of July 2021 [Y-o-Y], showed a decrease of 4.89%.
