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PCBS | PCBS: The Wholesale Price Index Fourth, Quarter, 2012

Palestinian Central Bureau of Statistics (PCBS)

 Palestinian Wholesale Price Index, Fourth Quarter of 2012

Increase in the WPI during 2012

 The overall Wholesale Price1 Index (WPI) for the Palestinian Territory with its 2007 base year (2007=100) reached 119.43 in 2012, it increased by 0.93% compared to 2011.

Prices of Wholesale Price Index for 2012 increased due to the increase of manufacturing group by 2.02%.

The price of imported products increased by 2.19%, while the price of local products decreased by 1.08%.

Decrease in the WPI during the Fourth Quarter of 2012

The overall Wholesale Price Index (WPI) in the Palestinian Territory with its base year (2007=100) reached 119.51 in the fourth quarter 2012, which indicates a decrease by 0.77% compared to the third quarter 2012.

Wholesale Price Index for imported products (2007=100) reached 121.48 in the fourth quarter 2012, which indicates an increase by 0.35% compared to the third quarter 2012.                             

Wholesale Price Index for local products (2007=100) reached 116.74 in the fourth quarter 2012, which indicates a decrease by 3.01% compared to the third quarter 2012.

The changes of Wholesale Price Index in the fourth quarter 2012 is traced back to changes in the prices of following major activities compared to the previous quarter:

 

Major Groups

%Change

Agriculture goods:

- 1.42%

Fishing:

- 0.60%

Manufacturing group:

- 0.51%

Mining and quarrying:

-  0.07%

  

The trend line for the wholesale price index in the Palestinian Territory, for the period: first quarter 2010 - fourth quarter 2012 (Base year 2007=100)

 

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1 The resale (sale without transformation) of new and used goods to retailers, industrial, commercial, institutional or professional users, to other wholesalers, or to those acting as agents or brokers in buying merchandise for, or selling merchandise to such persons or companies.  The wholesale price includes VAT and any transport charges.                         

 

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