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 |