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PCBS records increase in Producer Price Index (PPI) during 2021

PCBS records increase in Producer Price Index (PPI) during 2021
PCBS records an increase in Producer Price Index (PPI)

RAMALLAH, Monday, January 31, 2022 (WAFA) – The overall Producer Price Index (PPI) in Palestine with its base year (2019=100) reached 98.04 in 2021, indicating an increase by 2.67% compared to 2020, according to the Palestinian Central Bureau of Statistics (PCBS).

PCBS said in a press statement that prices of PPI for 2021 increased due to the increase in the prices of goods in water supply; sewerage, waste management and remediation activities by 25.02%, electricity, gas, steam and air conditioning supply activities by 4.35%, manufacturing activities by 3.80%, and mining and quarrying activities by 0.68%.

It pointed that the prices of goods in agriculture, forestry and fishing activities decreased by 2.73% in 2021 compared to 2020.

The prices of local exported products increased by 6.72%, and the prices of locally consumed products increased by 2.23%.

The overall PPI for Palestine with its base year (2019 = 100) reached 99.36 in December 2021, as it decreased by 0.35% compared to November 2021.

Furthermore, PCBS said that PPI for local exported products (2019 = 100) reached 106.81 in December 2021, which indicates a decrease of 0.48% compared to November 2021.

PPI for locally consumed products (2019 = 100) reached 98.57 in December 2021, which indicates a decrease of 0.33% compared to November 2021.

PCBS noted that due to COVID-19 pandemic and the inability to conduct face-to-face interviews, data for PPI has been collected using mobile phones.

K.F.

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