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PCBS | PCBS: The Wholesale Price Index, during 2017 & Fourth Quarter of 2017


Palestinian Wholesale Price Index, during 2017 & Fourth Quarter of 2017


Decrease in the Wholesale Price1 Index During 2017
The overall Wholesale Price Index (WPI) in Palestine with its base year (2007=100) reached 124.16 in 2017, which indicates        a decrease by 1.17% compared with 2016.

Prices of WPI for 2017 decreased due to the decrease in the prices of Fishing goods by 22.80%, Agriculture goods by 2.18%, and the prices of goods in Manufacturing group by 0.72%, while the prices of goods in Mining and quarrying group increased by 2.97%.

The prices of local products decreased by 1.58%, while the prices of imported products increased by 0.21% compared with the previous year.


The table shows yearly percent changes in WPI by source of goods in Palestine  for the period 2007 – 2017

Year

Yearly Percent Change

Local

Import

Total

2007

+ 2.96

+ 3.21

+ 3.08

2008

+ 9.36

+ 12.01

+ 10.71

2009

+ 1.82

- 2.23

- 0.67

2010

+ 4.91

+ 2.92

+ 3.70

2011

+ 3.08

+ 4.70

+ 3.76

2012

- 1.08

+ 2.19

+ 0.93

2013

- 0.39

+ 0.79

+ 0.78

2014

+ 0.84

+ 2.52

+ 1.48

2015

+ 4.26

- 2.55

+ 1.21

2016

+ 2.67

+ 0.70

+ 1.62

2017

- 1.58

+ 0.21

- 1.17

Cum.

+ 29.78

+ 26.46

+ 27.99


Decrease in the Wholesale Price Index (WPI) During the Fourth Quarter of 2017
The overall WPI in Palestine with its base year (2007=100) reached 124.30 in the Fourth quarter 2017, which indicates a decrease by 0.16% compared with the Third          quarter 2017.

WPI for local products (2007=100) reached 124.52 in the Fourth quarter 2017, which indicates a decrease by 2.19% compared with the Third quarter 2017.

WPI for imported products (2007=100) reached 123.47 in the Fourth quarter 2017, which indicates an increase by 1.20% compared with the Third quarter 2017.

The table shows the relative share and the quarterly percent changes in WPI by major activities in Palestine for First quarter – Fourth quarter 2017:

Major Activities

Relative Share

Quarterly Percent Change

2017

Q1

Q2

Q3

Q4

Agriculture

29%

+2.58

-8.12

+6.26

+0.44

Fishing

0.10%

-24.05

+9.66

-5.96

+2.20

Mining and quarrying

0.90%

+4.23

+1.78

-0.78

+0.98

Manufacturing

70%

-0.58

-0.77

+0.31

-0.46

All Items Price Index

100%

+0.39

-3.04

+2.06

-0.16

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