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PCBS | PCBS: The Palestinian Producer Price Index, October, 10/2020

 

Palestinian Producer Price Index October 10/2020

 

Increase in the Producer Price[1] Index (PPI) during October 2020

The overall Producer Price Index (PPI) for Palestine with its base year (2018 = 100) reached 97.09 in October 2020, as it increased by 3.36% compared to September 2020.

 

PPI for locally consumed products

Producer Price Index for locally consumed products (2018 = 100) reached 96.96 in October 2020, which indicates an increase of 3.46% compared to September 2020.

 

PPI for local exported products

Producer Price Index for local exported products (2018 = 100) reached 98.17 in October 2020, which indicates an increase of 2.47% compared to September 2020.

 

 

The changes of PPI for October 2020 were traced back to changes in prices of the following major activities compared to the previous month:

 

­­­­­­­Major Activities

                    % Change

Agriculture, forestry and fishing goods

 + 11.76%

Water supply; sewerage, waste management and remediation activities

    + 0.85%

Electricity, gas, steam and air conditioning supply

     - 1.41%

Mining and quarrying

     - 0.09%

Manufacturing

    - 0.04%





 

Notice for Users:

1.    Due to COVID-19 pandemic and inability to conduct face-to-face interview, data for PPI has been collected using mobile phones.

2.    The data collection process for agricultural commodities, which is collected from the farm gate, and data on industrial commodities for the month of October 2020 has been completed.

 

 

 



1 The producer’s price is the amount receivable by the producer from the purchaser for a unit of a good or service produced as output minus any VAT, or similar deductible tax, invoiced to the purchaser. The producer’s prices exclude any transport charges invoiced separately by the producer.

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