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Palestinian Producer Price Index, February, 2020/02

Palestinian Central Bureau of Statistics (PCBS)

Palestinian Producer Price Index, February, 2020/02

Decrease in the Producer Price[1] Index (PPI) during February 2020

The overall Producer Price Index (PPI) for  Palestine with its base year (2018 = 100) reached 96.75 in February 2020, as it decreased by 1.20% compared to January 2020.

PPI for locally consumed products

Producer Price Index for locally consumed products (2018 = 100) reached 96.64 in February 2020, which indicates a decrease of 1.23% compared to January 2020.

PPI for local exported products

Producer Price Index for local exported products (2018 = 100) reached 97.73 in February 2020, which indicates a decrease of 0.99% compared to January 2020.

The changes of PPI for February 2020 were traced back to changes in prices of the following major activities compared to the previous month:

­­­­­­­Major Activities % Change
Electricity, gas, steam and air conditioning supply    – 3.17%
Agriculture, forestry and fishing goods  – 3.04%
Water supply; sewerage, waste management and remediation activities  – 0.85%
Mining and quarrying    –  0.44%
Manufacturing + 0.19%

 

1 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.

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