The PPI of January, 2019 for the Mining sector showed a decrease by 4.6 percent when compared with PPI for December 2018, primarily due to the decrease of “Crude petroleum and natural gas” prices by 4.6 percent. PPI of January 2019, when compared with January 2018, has seen an increase of 2.8 percent.
A decrease of 3.8 percent has been recorded in January 2019, when compared with the previous month’s Manufacturing index (December, 2018). The prices decrease are seen in: “Refined Petroleum products” by 5.5 percent, “Basic Chemicals” by 2.3 percent, “Rubber and Plastics products” by 0.9 percent, “Cement and Other non-metallic products” by 0.4 percent, “Dairy products” by 0.3 percent, “Juices” by 0.2 percent ,”Grain mill and Other products” and “Beverages” by 0.1 percent for each, QNA reported.
However, the increasing prices are noticed in: “Paper and Paper products “ by 1.6 percent, and “Basic Metals” by 1.5 percent.No change noticed in, “Other chemical products and fibers”.
Comparing with the index of corresponding period in the previous year (January 2018), “Manufacturing” PPI of January, 2019 showed a decrease of 7.9 percent. The major groups which explain this price fall are: “Refined Petroleum products” by 10.3 percent, “Basic Metals” by 7.7 percent, “Cement and Other non-metallic products” 3.8 percent, “Basic chemicals” by 2.1 percent, “Beverages” by 1.9 percent, “Grain mill and Other products” by 0.1 percent. However, prices rise also noticed in “Other chemical products and fibers” by 12.8 percent, followed by “Paper and Paper Products” by 11.9 percnet, “Dairy products” by 10.0 percent, and “Juices” by 5.2 percent. “Rubber and Plastics products” remained without any change.
The PPI of the Electricity and Water group showed an increase of 0.5 percent compared to December 2018, resulting from an increasing price in “Electricity” by 2.0 percent, and a decreasing in “Water” by 1.9 percent. When compared the PPI of January,2019, to the PPI of January, 2018 Y-o-Y, showed an increase of 5.5 percent, affected by prices rise in “Water” by 10.5 percent, and “Electricity” by 2.5 percent.
The Overall Index (PPI of Industrial sector) for January, 2019 is estimated at 65.7 points showing a decrease by 4.2 percent, when compared to the previous month’s December, 2018.
Source from: The Peninsula