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Producer Price Index – Manufacturing for 4th Quarter 2023

PPI-M, which stood at 151.0 in September 2023, registered a decrease of 1.5 points (-1.0%) to reach 149.5 in December 2023. On a monthly basis, PPI-M decreased by 1.1 points (-0.7%) in October, 0.4 point (-0.3%) in November and remained unchanged in December 2023.

The average PPI-M for the fourth quarter of 2023 stood at 149.6, i.e., a decrease of 1.5 points (-1.0%) from 151.1 in the third quarter of 2023. This decrease was mainly attributable to lower prices of “Food products and beverages » (-1.5%), “Chemicals and chemical products » (-3.8%), “Basic metals » (-3.4%) and “Printing and reproduction of recorded media » (-1.3%), partly mitigated by increases in the prices of “Other non-metallic mineral products » (+1.5%), “Furniture » (+0.6%) and “Fabricated metal products » (+0.5%).

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