Producer Price Index - Manufacturing (PPI-M) -2nd Quarter 2023
Highlights
(Base Period: 2018=100)
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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.
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2. PPI-M, which stood at 150.2 in March 2023, registered an increase of 1.0 point (+0.7%) to reach 151.2 in June 2023. On a monthly basis, PPI-M remained unchanged from March to April 2023, increased by 0.1 point (+0.1%) in May and 0.9 point (+0.6%) in June 2023.
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3. The average PPI-M for the second quarter of 2023 stood at 150.6, i.e. an increase of 1.2 points (+0.8%) from 149.4 in the first quarter of 2023. This increase was mainly attributable to higher prices of “Food products and beverages" (+1.2%), “Other non-metallic mineral products" (+1.5%) and “Other products" (+5.3%), partly offset by lower prices of “Chemicals and chemical products" (-1.4%).
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4. Compared to the corresponding quarter of 2022, the average PPI-M for the second quarter of 2023 increased by 12.6 points (+9.1%), mainly explained by higher prices of “Food products and beverages" (+12.9%), “Furniture" (+9.0%), “Chemicals and chemical products" (+7.4%), “Wood and products of wood & cork; articles of straw and plaiting materials/ Paper and paper products" (+15.7%), “Rubber and plastic products" (+17.3%), “Printing and reproduction of recorded media" (+17.4%), “Other non-metallic mineral products" (+10.4%) and “Other products" (+12.4%), partly offset by lower prices of “Fabricated metal products" (-6.3%) and “Basic metals" (-8.6%).
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18 September 2023
