Producer Price Index - Agriculture (PPI-A) - 1st Quarter 2022
Highlights
(Base period year 2018 = 100)
1. Monthly index
Overall index
In order to reflect changes in the production pattern of agricultural products, a new set of weights has been worked out with year 2018 as base period, the previous being 2013. Based on the new weighting pattern, the Producer Price Index-Agriculture, which was 119.8 in December 2021, increased by 29.6% to reach 155.3 in March 2022. The monthly increases were as follows: January (+1.2%), February (+13.5%) and March (+12.9%).
Sugar cane
The index for the period July 2021 to March 2022 was 154.5 based on the forecast for the crop year 2021-2022. This index will be revised at the end of June 2022 when the final price is available.
Other crop products
The index for "Other crop products" which was 111.9 in December 2021, increased by 75.7% to reach 196.6 in March 2022, mainly due to increases in the prices of fresh vegetables (tomato, creepers, carrot and other fresh vegetables) (+120.8%) and, fruits and nuts (+27.2%).
Animals and animal products
The index for the sub-group "Animals and animal products" which was 109.3 in December 2021, increased by 12.8% to reach 123.3 in March 2022, mainly due to increases in the prices of poultry (+13.2%) and eggs (+18.9%).
2. Quarterly index
- The overall index for the first quarter of 2022 increased by 19.5% when compared to the previous quarter and by 21.6% when compared to the corresponding quarter.
24 May 2022
