Producer Price Index - Agriculture (PPI-A) - 1st Quarter 2023

​Highlights

(Base period year 2018 = 100)

1. Monthly index

​Overall index

• ​   - PPI-A, which was 151.0 in December 2022, increased by 7.3% to reach 162.0 in March 2023. The monthly increases were as follows: January (+1.6%), February (+1.2%) and March (+4.3%).
  
   Sugar cane
     - The index for the period July 2022 to March 2023 was 185.4 based on the forecasted price of sugar for the crop year 2022-2023. This index will be revised at the end of June 2023 when the final price is available.
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Other crop products

    - The index for "Other crop products" which was 125.3 in December 2022, increased by 35.3% to reach 169.5 in March 2023, mainly due to increases in the prices of fresh vegetables (tomato, carrot, creepers, beans and other fresh vegetables) (+45.0%) and, fruits and nuts (+41.5%).

Animals and animal products

   - The index for the sub-group "Animals and animal products" which was 154.7 in December 2022, decreased by 6.3% to reach 144.9 in March 2023, mainly due to decreases in the prices of eggs (-39.2%).

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2. Quarterly index

    -  The overall index for the first quarter of 2023 increased by 2.5% and 10.5% when compared to the previous and corresponding quarters respectively.

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