- General PPI of April 2021 increased by 0.5% when compared with previous month (M-O-M).
- General PPI of April 2021, increased by 70.2% when compared with April,2020 (Y-O-Y).
- PPI of Crude Petroleum and Natural gas production decreased by 1.8%, comparing with previous month.
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for March 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 April 2021 for this sector showed a decrease by 1.8% when compared with PPI of March 2021, primarily due to the price decrease of “Crude petroleum and natural gas” by 1.8%, and “Stone, Sand and Clay” by 1.4%. PPI of April 2021, when compared with its counterpart in previous year (April 2020), there was an increase of 85.4%.
Manufacturing:
An increase of 5.4% has been recorded in April 2021, when compared with the previous month’s Manufacturing index (March 2021). The prices increase are seen in: “Basic Chemicals” by 13.0%, followed by “Basic Metals” by 4.1%, “Refined Petroleum products” by 3.5%, “Paper and Paper products”, by 2.3%, “Cement and Other non-metallic products” by 1.8%, “Rubber and Plastics products” by 1.1%, and “Beverages” by 0.4%. However, the decreasing prices are noticed in “Juices” by 1.2%, “Grain mill and Other products” by 0.2%, “Dairy products” by 0.1%. While no change is noticed in “Other chemical products and fibers”.
Comparing with the index of counterpart in the previous year (April 2020), “Manufacturing” PPI of April 2021 showed an increase of 48.8%. The major groups which explain this price increase are: “Refined Petroleum products” by 59.8%, followed by “Basic chemicals” by 55.3%, “Basic Metals” by 26.7%, “Paper and Paper Products” by 10.3%, "Juices" by 2.5%, “Dairy products” by 0.9%. However, prices fall in “Cement and Other non-metallic products” by 5.9%, followed by “Grain mill and Other products” by 1.3%, “Other chemical products and fibers” by 0.8%, "Rubber and Plastics products” by 0.1%. had remained flat at the last month’s price level “Beverages”.
Electricity and Water:
The PPI of this group showed a decrease of 3.9% compared to March 2021, resulting from fall prices in “Electricity” by 11.9%, while “Water” prices increase by 6.7%. When compared the PPI of April 2021, to the PPI of April 2020 [Y-o-Y], showed an increase of 12.0%, affected by prices rise in “Water” by 29.1%, but no change noticed in “Electricity”.
Overall Index (PPI of Industrial sector):
The PPI for April,2021 is estimated at 61.1 points showing an increase of 0.5%, when compared to the previous month’s March 2021. On [Y-o-Y] basis, PPI of April 2021 showed an increase of 70.2% when compared to the PPI of April,2020.
