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PCBS | PCBS: The Palestinian Producer Price Index, February, 02/2022

 

Palestinian Central Bureau of Statistics (PCBS)

 

Increase in the Producer Price Index (PPI) during February, 02/2022

 

The overall Producer Price Index (PPI) for Palestine with its base year (2019 = 100) reached 105.44 in February 2022, as it increased by 2.80% compared to January 2022.

PPI for local exported products

Producer Price Index for local exported products (2019 = 100) reached 111.12 in February 2022, which indicates an increase of 3.08% compared to January 2022.

PPI for locally consumed products

Producer Price Index for locally consumed products (2019 = 100) reached 104.83 in February 2022, which indicates an increase of 2.77% compared to January 2022.

The changes of PPI for February 2022 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

+ 10.05%

Agriculture, forestry and fishing

+ 6.97%

Electricity, gas, steam and air conditioning supply

+ 2.76%

Manufacturing

+ 0.69%

Mining and quarrying

+ 0.01%

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Please note that the press release in English is brief compared to the Arabic version.

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.

Note:

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


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