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PCBS | The Palestinian Producer Price Index, August, 08/2023

Palestinian Central Bureau of Statistics (PCBS)

 

Palestinian Producer Price Index, August, 08/2023

 

Increase in the Producer Price1 Index (PPI) during August 2023

The overall Producer Price Index (PPI) for Palestine with its base year (2019 = 100) reached 109.64 in August 2023, as it increased by 1.95% compared to July 2023.

 

PPI for locally consumed products during August 2023

Producer Price Index for locally consumed products (2019 = 100) reached 109.69 in August 2023, which indicates an increase of 2.04% compared to July 2023.

 

PPI for local exported products during August 2023

Producer Price Index for local exported products (2019 = 100) reached 109.17 in August 2023, which indicates an increase of 1.07% compared to July 2023.

 

The changes of PPI for August 2023 were traced back to changes in prices of the following major activities compared to the previous month:

 

­­­­­­­Major Activities

                    % Change

Mining and quarrying

+ 9.45%

Agriculture, forestry and fishing

+ 5.25%

Electricity, gas, steam and air conditioning supply

+ 1.96%

Water supply; sewerage, waste management and remediation activities

+ 0.69%

Manufacturing

+ 0.15%

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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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