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Increase in the Producer Price Index during 2013, says Statistics Bureau.

Published on Wednesday, 29 January 2014 11:02 PNN The overall Producer Price Index (PPI) in Palestine increased during 2013 by 0.89% comparing to previous year, as it reached 103.45, with its base year (2011=100), the Palestinian Central Bureau of Statistics (PCBS) said in a press release Wednesday. Prices of Producer Price Index for 2013 increased due to the increase in the Fishing group by 15.57%, Manufacturing group by 1.52%, and Mining and quarrying by 0.65%, while the price of Agriculture goods decreased by 0.25%. The price of locally consumed products increased by 0.94%, and the price of local exported products increased by 0.30%. Increase in the PPI during December 2013 The overall Producer Price Index (PPI) for Palestine increased by 4.49% compared to November 2013, as it reached 106.81 in December 2013 with its base year (2011=100). 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. Producer Price Index for locally consumed products (2011=100) reached 107.13 in December 2013, which indicates an increase by 4.95% compared to November 2013. Producer Price Index for exported products (2011=100) reached 103.50 in December 2013, which indicates a decrease by 0.16% compared to November 2013. The changes of Producer Price Index for December 2013 were traced back to increase in agriculture goods by 12.57%, the mining and quarrying group by 0.38%, the manufacturing group by 0.11% while the fishing group decreased by 9.17%.

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Publication:Palestine News Network (West Bank, Palestine)
Date:Jan 29, 2014
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