Producer Price Index – Manufacturing (PPI-M) - 3^rd Quarter 2024

Highlights

 (Base Period: 2018=100)

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 155.0 in June 2024, registered an increase of 1.7 points (+1.1%) to reach 156.7 in September 2024. On a monthly basis, PPI-M increased by 0.4 point (+0.3%) in July, 0.8 point (+0.5%) in August and 0.5 point (+0.3%) in September 2024.

3. 3.   The average PPI-M for the third quarter of 2024 stood at 156.1, i.e., an increase of 1.6 points (+1.0%) from 154.5 in the second quarter of 2024. This increase was mainly attributable to higher prices of “Wearing apparel" (+5.1%), “Chemicals and chemical products" (+1.6%), “Furniture" (+1.4%), “Textiles" (+8.0%), “Food products and beverages" (+0.3%), “Other non-metallic mineral products" (+1.6%), “Other transport equipment" (+3.2%) and “Other products" (+3.8%), partly offset by decreases in the prices of “Printing and reproduction of recorded media" (-1.5%).

1. 4.  Compared to the corresponding quarter of 2023, , the average PPI-M for the third quarter of 2024 increased by 5.0 points (+3.3%), mainly explained by higher prices of “Food products and beverages" (+1.6%), “Furniture" (+6.8%), “Wearing apparel" (+10.0%), “Other non-metallic mineral products" (+7.9%), “Rubber and plastic products" (+11.2%), “Textiles" (+17.2%), “Other transport equipment" (+7.9%), “Fabricated metal products" (+1.4%) and “Other products" (+11.9%), partly offset by decreases in the prices of “Chemicals and Chemical Products" (-1.6%) and “Basic Metals" (-8.0%).

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