Decrease in the Wholesale Price[1] Index (WPI) During the First Quarter of 2021
The overall WPI in Palestine with its base year (2007=100) reached 124.73 in the First quarter 2021, which Recorded a decrease of 0.64% compared with the Fourth quarter 2020.
WPI for local products (2007=100) reached 127.30 in the First quarter 2021, which indicates a decrease of 1.52% compared with the Fourth quarter 2020.
WPI for imported products (2007=100) reached 121.08 in the First quarter 2021, which indicates an increase of 0.27% compared with the Fourth quarter 2020.
WPI for the First Quarter of 2021 decreased due to the decrease in the activities of Fishing by 10.11%, the activities of Manufacturing by 0.79%, the activities of Agriculture by 0.29%, and the activities of Mining and Quarrying by 0.15%.
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 Wholesale Price Index has been replaced with data collection via phone and websites for all sale outlets in all of the Palestinian Governorates instead of collecting data face to face from the field.
Please note that the press release in English is brief compared to the Arabic version.
[1] The resale (sale without transformation) of new and used goods to retailers, industrial, commercial, institutional or professional users, to other wholesalers, or to those acting as agents or brokers in buying merchandise for, or selling merchandise to such persons or companies. The wholesale price includes VAT and any transport charges.