Producer Price Index – Manufacturing (PPI-M) - 4^th Quarter 2023

​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 151.0 in September 2023, registered a decrease of 1.5 points (-1.0%) to reach 149.5 in December 2023. On a monthly basis, PPI-M decreased by 1.1 points (-0.7%) in October, 0.4 point (-0.3%) in November and remained unchanged in December 2023.

3. 3.  The average PPI-M for the fourth quarter of 2023 stood at 149.6, i.e., a decrease of 1.5 points (-1.0%) from 151.1 in the third quarter of 2023. This decrease was mainly attributable to lower prices of “Food products and beverages" (-1.5%), “Chemicals and chemical products" (-3.8%), “Basic metals" (-3.4%) and “Printing and reproduction of recorded media" (-1.3%), partly mitigated by increases in the prices of “Other non-metallic mineral products" (+1.5%), “Furniture" (+0.6%) and “Fabricated metal products" (+0.5%).

4. ​4.   Compared to the corresponding quarter of 2022, the average PPI-M for the fourth quarter of 2023 increased by 1.8 points (+1.2%), mainly explained by higher prices of “Food products and beverages" (+1.9%), “Other non-metallic mineral products" (+6.1%), “Furniture" (+1.7%), “Other transport equipment" (+6.4%), “Textiles" (+6.7%), “Fabricated metal products" (+1.1%),  “Wearing apparel" (+1.5%) and “Other products" (+11.6%), partly offset by lower prices of “Chemicals and chemical products" (-7.9%) and “Basic metals" (-9.7%).

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