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PCBS | PCBS: The Palestinian Producer Price Index, March, 03/2021

 

Palestinian Central Bureau of Statistics (PCBS)

 Increase in the Producer Price1 Index (PPI) during March, 03/2021  

 

The overall Producer Price Index (PPI) for Palestine with its base year (2019 = 100) reached 94.95 in March 2021, as it increased by 0.26% compared to February 2021.

 

PPI for local exported products

Producer Price Index for local exported products (2019 = 100) reached 100.20 in March 2021, which indicates an increase of 0.32% compared to February 2021.

 

PPI for locally consumed products

Producer Price Index for locally consumed products (2019 = 100) reached 94.39 in March 2021, which indicates an increase of 0.25% compared to February 2021.

 

The changes of PPI for March 2021 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

+ 3.50%

Electricity, gas, steam and air conditioning supply

+ 2.43%

Manufacturing

+ 0.19%

Mining and quarrying

0.00%

Agriculture, forestry and fishing goods

- 0.41%

  

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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.

 

Notice:

  • The base year of Producer Price Index has been updated to be 2019.

Notice for Users:

  • Due to COVID-19 pandemic and inability to conduct face-to-face interview, data for PPI has been collected using mobile phones.
  • The data collection process for agricultural commodities, which is collected from the farm gate and data on industrial commodities for the month of March 2021 has been completed.
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