The Monthly Producer Price Index (PPI) of the Industrial sector for December 2016 is estimated at 53.3 points showing an increase of 6.4 percent compared to November 2016.
The index has risen by 8.1% compared to the PPI of December 2015, said a statement released by the Ministry of Development Planning and Statistics (MDPS) yesterday.Producer price index covers goods relating to "Mining" , "Manufacturing" and "Electricity & Water". On Mining, the PPI of December, 2016 shows an increase of 8.6 percent when compared with PPI of November 2016, primarily due to the increase of prices of "Crude petroleum and natural gas".
PPI of December 2016, when compared with its counterpart in the previous year, there has been a considerable increase of 11.4 percent. On Manufacturing, an increase of 2.1 percent has been recorded in December, 2016, when compared with the previous month’s Manufacturing index during this year.
The prices increase are seen in "Basic Metals" by 7.3 percent, "Juices" by 3.2 percent, "Refined Petroleum Products" by 2.1 percent, "Dairy Product" by 1.8 percent, "Basic Chemicals" by 0.8 percent, Beverages" by 0.4 percent, Grain mill and Other products" by 0.2 percent.
However, the decreasing prices are noticed in "Rubber and Plastics products" by 3.6%, and "Other Chemical products" by 0.6%. No change noticed in Paper and Paper Products and Cement and other Non-metallic products.
