Producer Price Index - Agriculture (PPI-A)
First quarter 2015
1. Monthly index
The Producer Price Index–Agriculture, which was 93.5 in December 2014, went up by 17.1% to reach 109.5 in March 2015. This rise was due to the combined effects of increases of 15.1% and 1.9% registered in January and February respectively and a decrease of 0.1% in March.
The index for “Sugar cane” for the period January to March 2015 was 68.5 based on the provisional price of sugar for the 2014 crop. This represents a decrease of 21.0% over the 2013 crop. It is assumed that the same price prevails during the whole of the crop year.
Other crop products
- In January 2015, the index for “Other crop products” increased by 76.4% mainly due to increases in the prices of fresh vegetables (+131.5%) and fruits and nuts (+35.5%).
- In February 2015, the index rose by 8.3% largely as a result of increases in the prices of fresh vegetables (+10.5%) and of fruits and nuts (+28.3%).
- In March 2015, the index declined by 1.4% mainly due to decreases in the prices of fresh vegetables (-1.7%) and fruits and nuts (-9.4%).
Animals and animal products
- In January 2015, the index for “Animals and animal products” increased by 1.3% mainly due to increases in the prices of poultry (+1.0%) and eggs (+2.5%).
- In February 2015, the index dropped by 1.6% due to decreases in the prices of poultry (-2.0%) and eggs (-0.1%).
- In March 2015, the index rose by 0.7% due to higher prices of poultry (+1.0%), partly offset by lower prices of eggs (-0.2%).
2. Quarterly index
During the first quarter of 2015, PPI-A increased by 16.4% compared to the previous quarter. This was mainly due to higher prices of fresh vegetables (+137.9%), fruits and nuts (+45.2%) and animal and animals products (+1.8%), partly offset by lower prices of edible roots and tubers (-4.1%).
Compared to the first quarter of 2014, the index dropped by 4.1%.
3. Yearly index
In 2014, producer prices of agricultural products were on average 8.3% lower compared to 2013.