Producer Price Index - Manufacturing (PPI-M) - 4th Quarter 2024
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 156.7 in September 2024, registered an increase of 2.8 points (+1.8%) to reach 159.5 in December 2024. On a monthly basis, PPI-M increased by 0.9 point (+0.6%) in October, 1.0 point (+0.6%) in November and 0.9 point (+0.6%) in December 2024.
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3. The average PPI-M for the fourth quarter of 2024 stood at 158.6, i.e., an increase of 2.5 points (+1.6%) from 156.1 in the third quarter of 2024. This increase was mainly attributable to higher prices of “Food products and beverages" (+1.6%), “Machinery and equipment, n.e.c" (+18.6%), “Wearing apparel" (+2.1%), “Chemicals and chemical products" (+1.2%) and “Other products" (+5.6%).
4.
Compared to the corresponding quarter of 2023, the average PPI-M for the fourth quarter of 2024 increased by 9.0 points (+6.0%), mainly explained by higher prices of “Food products and beverages" (+4.8%), “Wearing apparel" (+12.3%), “Furniture" (+6.8%), “Rubber and plastic products" (+11.6%), “Chemicals and chemical products" (+3.6%), “Textiles" (+19.4%), “Other non-metallic mineral products" (+6.5%), “Machinery and equipment, n.e.c" (+21.6%), “Other transport equipment" (+11.9%) and “Other products" (+18.2%).
18 March 2025
