Producer Price Index – Manufacturing (PPI-M) - 2nd Quarter 2022
Highlights
(Base Period: 2018=100)
- 1. PPI-M, which stood at 136.0 in March 2022, registered an increase of 3.8 points (+2.8%) during the second quarter of 2022 to reach 139.8 in June 2022. On a monthly basis, the PPI-M increased by 1.0 point (+0.7%) in April, 0.2 point in May (+0.1%) and 2.6 points (+1.9%) in June 2022.
- 2. The average PPI-M for the second quarter of 2022 stood at 138.0, i.e. an increase of 4.7 points (+3.5%) from 133.3 in the first quarter of 2022. This increase was mainly attributable to higher prices of “Food products and beverages" (+3.6%), “Chemicals and chemical products" (+8.2%), “Furniture" (+4.4%), “Wood and products of wood & cork; articles of straw and plaiting materials/ Paper and paper products" (+7.4%), “Wearing apparel" (+4.1%), “Rubber and plastic products" (+5.4%) and “Other products" (+2.8%).
3. Compared to the corresponding quarter of 2021, the average PPI-M for the second quarter of 2022 increased by 21.1 points (+18.0%), mainly explained by higher prices of “Food products and beverages" (+16.0%), “Chemicals and chemical products" (+31.4%), “Fabricated metal products" (+20.9%), “Furniture" (+20.9%), “Wood and products of wood & cork; articles of straw and plaiting materials/ Paper and paper products" (+32.0%), “Wearing apparel" (+17.7%) and “Other products" (+14.7%).
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19 September 2022
