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Producer Price Index – Manufacturing (PPI-M) - 3rd Quarter 2022

Highlights

(Base Period: 2018=100)

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  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.     PPI-M, which stood at 139.8 in June 2022, registered an increase of 8.3 points (+5.9%) to reach 148.1 in September 2022. On a monthly basis, the PPI-M increased by 4.0 points (+2.9%) in July, and by 4.5 points (+3.1%) in August, followed by a decrease in 0.2 point (-0.1%) in September 2022.


 3.    The average PPI-M for the third quarter of 2022 stood at 146.7, i.e., an increase of 8.7 points (+6.3%) from 138.0 in the second quarter of 2022. This increase was mainly attributable to higher prices of “Food products and beverages" (+8.7%), “Chemicals and chemical products" (+8.9%), “Furniture" (+8.4%), “Wood and products of wood & cork; articles of straw and plaiting materials/ Paper and paper products" (+10.9%), “Rubber and plastic products" (+14.7%), partly offset by lower prices of “Fabricated metal products" (-2.2%) and “Basic metals" (-3.0%).  


4.    Compared to the corresponding quarter of 2021, the average PPI-M for the third quarter of 2022 increased by 24.2 points (+19.8%), mainly explained by higher prices of “Food products and beverages" (+21.5%), “Chemicals and chemical products" (+31.8%), “Furniture" (+25.7%), “Wood and products of wood & cork; articles of straw and plaiting materials/ Paper and paper products" (+41.2%), “Fabricated metal products" (+10.7%), “Rubber and plastic products" (+26.1%) and “Wearing apparel" (+11.3 %).​

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   20 December 2022