Home Local 19/January/2023 10:34 AM

Sharp increase of more than 7.4 percent in wholesale price index during 2022 - PCBS

RAMALLAH, Thursday, January 19, 2023 (WAFA) - The overall Wholesale Price Index (WPI) in Palestine during 2022 recorded a sharp increase of 7.42% compared with 2021 (9.74% for local products, and by 6.62% for imported products), today said the Palestinian Central Bureau of Statistics (PCBS).

The increase in the prices of imported goods lead the WPI to increase during the fourth quarter of 2022, it said.

The changes in WPI for 2022 were traced back to changes in prices of the following division compared with the previous year:

Division

(during 2022)

Percent Change

Wholesale trade, except of motor vehicles and motorcycles

+ 7.59%

Wholesale and retail trade and repair of motor vehicles and motorcycles

 

+ 5.96%

The overall WPI in Palestine during the fourth quarter of 2022 recorded an increase of 1.05% compared with the third quarter of the same year (1.11% for imported products, and by 0.88% for local products).

The changes in WPI for the fourth quarter of 2022 were traced back to changes in prices of the following division and categories compared with the previous quarter:

Division and Category(Q4/2022)

Percent Change

Wholesale trade, except for motor vehicles and motorcycles

+ 0.90%

Wholesale trade in drinks

+ 5.79%

Wholesale of dairy products and eggs

+ 4.83%

Wholesale of agricultural residues and waste for use as animal feed

+ 4.01%

Wholesale of waste and scrap and other products n.e.c.

+ 2.76%

Wholesale of solid, liquid and gaseous fuels and related products

+ 2.31%

Wholesale of fruits and vegetables

+ 1.72%

Wholesale of live animals

-  5.65%

Wholesale of animal and vegetable oils and fats

-  2.55%

Wholesale of metals and metal ores

-  2.47%

Wholesale of construction materials, hardware, plumbing and heating equipment

and supplies

-  1.37%

Wholesale and retail trade and repair of motor vehicles and motorcycles

 

+ 2.30%

Sale of motor vehicles

+ 4.72%

Sale of motor vehicle parts and accessories

+ 2.29%

M.K

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