Producer Price Index – Manufacturing (PPI-M) -1^st Quarter 2026

Highlights

1. 1.  PPI-M measures changes in the effective prices received by producers of the manufacturing sector for that part of their output sold on the domestic market. It does not cover Export Oriented Enterprises, the products of which are mainly meant for export.

2. 2.  PPI-M which stood at 169.6 in December 2025, registered a net increase of 4.2 points (+2.5%) to reach 173.8 in March 2026. On a monthly basis, PPI-M increased by 1.2 points (+0.7%) in January, 2.0 points (+1.2%) in February and by 1.0 point (+0.6%) in March 2026.

3. 3.  The average PPI-M for the first quarter of 2026 stood at 172.5, i.e., a net increase of 3.5 points (+2.1%) from 169.0 in the fourth quarter of 2025. This increase was mainly attributable to higher prices of “Fabricated metal products" (+4.1%), “Food products and beverages" (+0.5%), “Other non-metallic mineral products" (+2.2%), “Other transport equipment" (+4.1%) and “Other manufacturing products" (+18.3%), partly offset by decreases in prices of “Motor vehicles, trailers and semi-trailers" (-9.0%).

4. 4.  Compared to the corresponding quarter of 2025, the average PPI-M for the first quarter of 2025 increased by 12.0 points (+7.5%), mainly explained by higher prices of “Food products and beverages" (+6.1%), “Fabricated metal products" (+8.0%), “Wearing apparel" (+10.8%), “Other transport equipment" (+26.5%), “Other non-metallic mineral products" (+5.3%), “Chemicals and Chemical Products" (+1.7%) and “Other manufacturing products" (+46.3%), partly offset by lower prices of “Motor vehicles, trailers and semi-trailers"(-9.0%).

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