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PCBS | PCBS: The Palestinian Producer Price Index, 2018 & December, 12/2018

 Palestinian Producer Price Index(PPI) during 2018& during December,12/2018

 

Increase in the Producer Price1 Index (PPI) during 2018

The overall PPI in Palestine with its base month (December 2015=100) reached 103.39  in 2018, which indicates an increase by 2.22% compared to 2017.

Prices of PPI for 2018 increased due to the increase in the prices of goods in Electricity, gas, steam and air conditioning supply group by 13.52%, the prices of goods in Agriculture, forestry and fishing group by 1.76%, and the prices of goods in Water supply; sewerage, waste management and remediation activities group by 1.12%. While the prices of goods in Mining and quarrying group decreased by 0.95%, and the prices of goods in Manufacturing group slightly decreased by 0.03% in 2018 compared to 2017.

The prices of locally consumed products increased by 2.51%, while the prices of local exported products decreased by 0.34%.

 

The table shows Percent Change in PPI in Palestine for the period 2007 – 2018:

 

Year

Percent Change

Local Products

Export Products

Total Products

2007

+ 2.37

+ 1.43

+ 2.27

2008

+ 8.51

+ 4.95

+ 8.16

2009

+ 1.46

+ 2.62

+ 1.53

2010

+ 3.60

+ 1.95

+ 3.36

2011

+ 3.75

+ 2.83

+ 3.63

2012

+ 2.41

+ 3.87

+ 2.55

2013

+ 0.94

+ 0.30

+ 0.89

2014

+ 0.98

- 1.19

+ 0.78

2015

+ 1.89

+ 0.06

+ 1.73

2016

+ 1.86

+ 0.63

+ 1.76

2017

+ 0.98

- 0.04

+ 0.88

2018

+ 2.51

- 0.34

+ 2.22

Cum.

+ 35.86

+ 18.26

+ 33.88

  

Decrease in the Producer Price Index (PPI) during December 2018

The overall Producer Price Index (PPI) for  Palestine with its base month (December  2015 = 100) reached 101.42 in December 2018, as it decreased by 0.40% compared to   November 2018.

 

PPI for locally consumed products

Producer Price Index for locally consumed products (December 2015 = 100) reached 101.52 in December 2018, which indicates a decrease of 0.41% compared to November 2018.

 

PPI for local exported products

Producer Price Index for local exported products (December 2015 = 100) reached 100.35 in December 2018, which indicates a decrease of 0.29% compared to November 2018.

 

The changes of PPI for December 2018 were traced back to changes in prices of the following major activities compared to the previous month:


­­­­­­­Major Activities

% Change

Water supply; sewerage, waste management and remediation activities.

 - 1.10%

Manufacturing

- 0.70%

Electricity, gas, steam and air conditioning supply

   - 0.47%

Mining and quarrying

 + 0.27%

Agriculture, forestry and fishing goods

 + 0.25%

 

 The table shows percent changes in Palestinian PPI for the period January – December 2018:

Month

Local Products

Exported Products

Total Products

January

+ 1.92

+ 0.09

+ 1.73

February

+ 2.63

- 0.07

+ 2.34

March

- 1.59

- 0.12

- 1.44

April

+ 2.03

+ 0.80

+ 1.91

May

+ 0.40

+ 0.10

+ 0.37

June

+ 0.80

- 0.26

+ 0.69

July

+ 1.52

+ 0.26

+ 1.39

August

- 1.24

- 0.02

- 1.12

September

+ 0.08

+ 0.30

+ 0.10

October

- 1.37

+ 0.22

- 1.20

November

- 2.10

+ 0.12

- 1.87

December

- 0.41

- 0.29

- 0.40

2018 Comp. with 2017

+ 2.51

- 0.34

+2.22

 

 

 

 

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