Palestinian Producer Price Index(PPI) during 2018& during December,12/2018
Increase in the Producer Price1 Index (PPI) during 2018
The overall PPI in Palestine with its base month (December 2015=100) reached 103.39 in 2018, which indicates an increase by 2.22% compared to 2017.
Prices of PPI for 2018 increased due to the increase in the prices of goods in Electricity, gas, steam and air conditioning supply group by 13.52%, the prices of goods in Agriculture, forestry and fishing group by 1.76%, and the prices of goods in Water supply; sewerage, waste management and remediation activities group by 1.12%. While the prices of goods in Mining and quarrying group decreased by 0.95%, and the prices of goods in Manufacturing group slightly decreased by 0.03% in 2018 compared to 2017.
The prices of locally consumed products increased by 2.51%, while the prices of local exported products decreased by 0.34%.
The table shows Percent Change in PPI in Palestine for the period 2007 – 2018:
Year |
Percent Change |
||
Local Products |
Export Products |
Total Products |
|
2007 |
+ 2.37 |
+ 1.43 |
+ 2.27 |
2008 |
+ 8.51 |
+ 4.95 |
+ 8.16 |
2009 |
+ 1.46 |
+ 2.62 |
+ 1.53 |
2010 |
+ 3.60 |
+ 1.95 |
+ 3.36 |
2011 |
+ 3.75 |
+ 2.83 |
+ 3.63 |
2012 |
+ 2.41 |
+ 3.87 |
+ 2.55 |
2013 |
+ 0.94 |
+ 0.30 |
+ 0.89 |
2014 |
+ 0.98 |
- 1.19 |
+ 0.78 |
2015 |
+ 1.89 |
+ 0.06 |
+ 1.73 |
2016 |
+ 1.86 |
+ 0.63 |
+ 1.76 |
2017 |
+ 0.98 |
- 0.04 |
+ 0.88 |
2018 |
+ 2.51 |
- 0.34 |
+ 2.22 |
Cum. |
+ 35.86 |
+ 18.26 |
+ 33.88 |
Decrease in the Producer Price Index (PPI) during December 2018
The overall Producer Price Index (PPI) for Palestine with its base month (December 2015 = 100) reached 101.42 in December 2018, as it decreased by 0.40% compared to November 2018.
PPI for locally consumed products
Producer Price Index for locally consumed products (December 2015 = 100) reached 101.52 in December 2018, which indicates a decrease of 0.41% compared to November 2018.
PPI for local exported products
Producer Price Index for local exported products (December 2015 = 100) reached 100.35 in December 2018, which indicates a decrease of 0.29% compared to November 2018.
The changes of PPI for December 2018 were traced back to changes in prices of the following major activities compared to the previous month:
Major Activities |
% Change |
Water supply; sewerage, waste management and remediation activities. |
- 1.10% |
Manufacturing |
- 0.70% |
Electricity, gas, steam and air conditioning supply |
- 0.47% |
Mining and quarrying |
+ 0.27% |
Agriculture, forestry and fishing goods |
+ 0.25% |
The table shows percent changes in Palestinian PPI for the period January – December 2018:
Month |
Local Products |
Exported Products |
Total Products |
January |
+ 1.92 |
+ 0.09 |
+ 1.73 |
February |
+ 2.63 |
- 0.07 |
+ 2.34 |
March |
- 1.59 |
- 0.12 |
- 1.44 |
April |
+ 2.03 |
+ 0.80 |
+ 1.91 |
May |
+ 0.40 |
+ 0.10 |
+ 0.37 |
June |
+ 0.80 |
- 0.26 |
+ 0.69 |
July |
+ 1.52 |
+ 0.26 |
+ 1.39 |
August |
- 1.24 |
- 0.02 |
- 1.12 |
September |
+ 0.08 |
+ 0.30 |
+ 0.10 |
October |
- 1.37 |
+ 0.22 |
- 1.20 |
November |
- 2.10 |
+ 0.12 |
- 1.87 |
December |
- 0.41 |
- 0.29 |
- 0.40 |
2018 Comp. with 2017 |
+ 2.51 |
- 0.34 |
+2.22 |