free hit counters
PCBS | PCBS: The Palestinian Producer Price Index, May, 05/2020

 

Palestinian Central Bureau of Statistics (PCBS)

 

Palestinian Central Bureau of Statistics continues to work on data collection and production of Palestinian Producer Price Index in light of COVID-19 (CORONA VIRUS) pandemic

 

Decrease in the Producer Price[1] Index (PPI) during May 2020

The overall Producer Price Index (PPI) for  Palestine with its base year (2018 = 100) reached 93.25 in May 2020, as it decreased by 2.20% compared to April 2020.

 

PPI for locally consumed products

Producer Price Index for locally consumed products (2018 = 100) reached 93.01 in May 2020, which indicates a decrease of 2.35% compared to April 2020.

 

PPI for local exported products

Producer Price Index for local exported products (2018 = 100) reached 95.44 in May 2020, which indicates a decrease of 0.83% compared to April 2020.

 

 

The changes of PPI for May 2020 were traced

 back to changes in prices of the following major activities compared to the previous month:

­­­­­­­Major Activities

% Change

Electricity, gas, steam and air conditioning supply

   - 6.93%

Agriculture, forestry and fishing goods

 - 4.64%

Water supply; sewerage, waste management and remediation activities

 - 3.15%

Manufacturing

- 0.13%

Mining and quarrying

  + 1.23%

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notice for Users:

1.    As a result of CORONAVIRUS (COVID-19) outbreak, and the implemented measures to limit its spread, the data collection process for Producer Price Index has been replaced with data collection via phone and websites for all Industrial facilities in all of the Palestinian Governorates instead of collecting data face to face from the field.

2.    The process of collecting data of agricultural commodities that is collected from the farm gate was complete.

3.    The number of Industrial facilities, from which Producer Prices are collected in Palestine, reached 365 facilities. Thus and in light of the temporary closure of many outlets due to applying the Palestinian emergency plan, the completion of data collection process is as follows:



Region

Number of Collected Outlets

Number of Non-Collected Outlets

Percentage of Collected Outlets

Palestine

355

10

97%

 






4.    The number of price observations collected to compile the Palestinian Producer Price index is 1,475 price observations; where 92% was collected in May 2020. Hence, the observations collected are as follows:

Region

Number of Actual Collected Observations

Estimated Number of Observations

Percentage of Actual Collected Observation

Palestine

1,361

114

92%

 






5.    International recommendations were followed in estimating the missing data, which are mentioned in Price Index guide. Moreover, the (Group Relative Method) is one of the best methods used to estimate the missing data, which is the process of estimating the prices based on the change in the prices of the remaining sources for the same category. Accordingly and in case of the closure of an entire source on a temporary basis, all the prices of that source are estimated based on the change in the prices of the sources that share the same items which are collected from that source.

6.    The estimate is also used at the (Next Level Up in Aggregation) in case of the disappearance of the index for a whole sub-group or a higher group reaching up to the major groups that constitute the index.

 

 

 

 

 



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.

Close
Close