- General PPI of September 2022 decreased by 2.08% when compared with previous month (M-O-M).
- General PPI of September 2022 increased by 44.18% when compared with September 2021 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production decreased by 1.89%, compared with August 2022.
Planning and Statistics Authority (PSA) has released the new Monthly Producer Price Index (PPI) of the Industrial sector for September 2022, which is considered as the Seventh 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 September ,2022 is estimated at 164.00 points showing a decrease of 2.08%, when compared to the previous month’s August 2022. On [Y-o-Y] basis, PPI of September 2022 showed an increase of 44.18%, when compared to the PPI of September ,2021.
Mining and Quarrying:
The PPI of September 2022 for this sector showed a decrease by 1.88% when compared with PPI of August 2022, primarily due to the price decrease on “Crude petroleum and natural gas” by 1.89%, while “Other mining and quarrying” was stable on this month. PPI of Mining of September 2022, when compared with its counterpart in previous year (September 2021), there was an increase of 52.63%.
Manufacturing:
A decrease of 4.10% has been recorded in September 2022, when compared with the previous month’s Manufacturing index (August 2022). The prices decrease is seen in: “Rubber and plastics products” by 10.50%, followed by “Chemicals and chemical products” by 6.29%, and “Basic metals” by 2.14%. The increasing prices are noticed in “Refined petroleum products” by 0.87%, “Food products” by 0.55%, “Printing and reproduction of recorded media” 0.16%, “Cement & other non-metallic mineral products” by 0.12%, and “Beverages” by 0.02%.
Comparing with the index of counterpart in the previous year (September 2021), “Manufacturing” PPI of September 2022 showed an increase of 5.81%. The major groups which explain this price increase are: “Rubber and Plastics products” by 27.22%, followed by “Refined Petroleum products” by 23.29%, “Basic metals” by 12.34%, “Cement & other non-metallic mineral products” by 6.51%, “Food products” by 3.36%, and “chemicals and chemical products” by 0.03%. However, the decreasing prices are noticed in “Printing and reproduction of recorded media” by 3.49%, and “Beverages” by 1.35%.
Electricity, gas, steam and air conditioning supply:
The PPI of this group showed an increase of 7.14% compared to August 2022. When compared the PPI of September 2022, to the PPI of September 2021 [Y-o-Y], showed an increase of 5.47%.
Water supply:
The PPI of this group showed an increase of 2.53% compared to July 2022. When compared the PPI of September 2022, to the PPI of September 2021 [Y-o-Y], showed an increase of 1.78%.
