RAMALLAH, January 30, 2025 (WAFA) - A report by The Palestinian Central Bureau of Statistics (PCBS) has noted a sharp Increase in the Producer Price Index (PPI) during 2024.
The overall PPI in Palestine with its base year (2019=100) reached 150.44 in 2024, which indicates a sharp increase by 35.42% compared to 2023.
Prices of PPI for 2024 sharply increased due to the increase in the prices of goods and services in the following major activities: Agriculture, forestry and fishing activities by 99.14%, Manufacturing activities by 7.52%, Water supply; sewerage, waste management and remediation activities by 3.80%, and Electricity, gas, steam and air conditioning supply activities by 2.77%. While, Mining and quarrying activities decreased by 1.03% in 2024 compared to 2023.
The prices of locally consumed products sharply increased by 38.55% and the prices of local exported products increased by 5.69%.
Yearly Percent Changes in PPI in Palestine for 2014 – 2025
Sharp Decrease in the Producer Price Index (PPI) during December 2024
The overall Producer Price Index (PPI) for Palestine with its base year (2019 = 100) reached 165.87 in December 2024, as it decreased by 5.77% compared to November 2024.
Producer Price Index for locally consumed products (2019 = 100) reached 170.82 in December 2024, which indicates a decrease of 5.87% compared to November 2024.
Producer Price Index for local exported products (2019 = 100) reached 119.68 in December 2024, which indicates a decrease of 4.33% compared to November 2024.
The changes of PPI for December 2024 were traced back to changes in prices of the following major activities compared to the previous month:
|
Major Activities |
Percent Change % |
|
Agriculture, forestry and fishing |
- 10.62% |
|
Electricity, gas, steam and air conditioning supply |
- 3.11% |
|
Water supply; sewerage, waste management and remediation activities |
- 0.46% |
|
Mining and quarrying |
0.00% |
|
Manufacturing |
+ 0.19% |
The table shows monthly percent changes in Palestinian PPI for the months January – December 2024:
|
Month |
Local Products |
Exported Products |
All Products |
|
January |
6.10 |
-0.82 |
5.51 |
|
February |
4.21 |
1.23 |
3.97 |
|
March |
5.39 |
0.43 |
5.00 |
|
April |
-5.36 |
-1.15 |
-5.04 |
|
May |
-3.41 |
-2.08 |
-3.30 |
|
June |
-0.91 |
-0.39 |
-0.87 |
|
July |
2.31 |
1.55 |
2.25 |
|
August |
10.45 |
2.29 |
9.80 |
|
September |
16.42 |
6.29 |
15.67 |
|
October |
2.80 |
3.60 |
2.85 |
|
November |
-1.16 |
-0.22 |
-1.10 |
|
December |
-5.87 |
-4.33 |
-5.77 |
|
2024 Com. 2023 |
38.55 |
5.69 |
35.42 |
pcb
The trend line of the PPI in Palestine, for the months:
January - December 2024 (Base Year 2019 = 100)
K.T
