PRODUCER PRICE INDEX – MANUFACTURING (PPI-M) - 4th
Quarter 2022
HIGHLIGHTS
(Base Period: 2018=100)
- 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 148.1 in September 2022, registered a decrease of 0.2 points (-0.1%) to reach 147.9 in December 2022. On a monthly basis, PPI-M decreased by 0.2 points (-0.1%) in both October and November, followed by an increase of 0.2 points (+0.1%) in December 2022.
- 3. The average PPI-M for the fourth quarter of 2022 stood at 147.8, i.e. an increase of 1.1 points (+0.7%) from 146.7 in the third quarter of 2022. This increase was mainly attributable to higher prices of “Food products and beverages" (+1.6%), “Wood and products of wood & cork; articles of straw and plaiting materials/ Paper and paper products" (+4.1%), “Chemicals and chemical products" (+1.4%), “Rubber and plastic products" (+4.0%) and “Printing and reproduction of recorded media" (+3.8%), partly offset by lower prices of “Fabricated metal products" (-4.6%).
- 4. Compared to the corresponding quarter of 2021, the average PPI-M for the fourth quarter of 2022 increased by 21.1 points (+16.7%), mainly explained by higher prices of “Food products and beverages" (+18.6%), “Chemicals and chemical products" (+26.7%), “Furniture" (+22.0%), “Wood and products of wood & cork; articles of straw and plaiting materials/ Paper and paper products" (+36.1%), “Rubber and plastic products" (+29.3%) and “Wearing apparel" (+12.0%).
17 March 2023
