Producer Price Index – Manufacturing (PPI-M) - 4^th Quarter 2025

Highlights

(Base Period: Year 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 167.2 in September 2025, registered a net increase of 2.4 points (+1.4%) to reach 169.6 in December 2025. On a monthly basis, PPI-M increased by 1.2 points (+0.7%) in October and increased by 0.6 point (+0.4%) both in November and December 2025.

3. 3.  The average PPI-M for the fourth quarter of 2025 stood at 169.0, i.e., a net increase of 2.0 points (+1.2%) from 167.0 in the third quarter of 2025. This increase was mainly attributable to higher prices of “Wearing apparel" (+2.6%), “Machinery and equipment, n.e.c" (+6.2%), “Chemicals and Chemical Products" (+0.9%), “Other transport equipment" (+7.0%) and “Other manufacturing products" (+15.5%), partly offset by decreases in prices of “Rubber and plastic products" (-7.8%) and, “Printing and reproduction of recorded media" (-1.4%).

4. 4.  Compared to the corresponding quarter of 2024, the average PPI-M for the fourth quarter of 2025 increased by 10.4 points (+6.6%), mainly explained by higher prices of “Food products and beverages" (+6.6%), “Wearing apparel" (+13.1%), “Fabricated metal products" (+4.0%), “Motor vehicles, trailers and semi-trailers" (+29.5%), “Chemicals and Chemical Products" (+2.1%), “Machinery and equipment, n.e.c" (+8.4%), “Textiles" (+3.5%), “Other transport equipment" (+16.0%), “Other non-metallic mineral products" (+3.1%) and “Other manufacturing products" (+29.2%).

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