Producer Price Index – Manufacturing for 2nd Quarter 2023

The average PPI-M for the second quarter of 2023 stood at 150.6, i.e. an increase of 1.2 points (+0.8%) from 149.4 in the first quarter of 2023.

This increase was mainly attributable to higher prices of “Food products and beverages » (+1.2%), “Other non-metallic mineral products » (+1.5%) and “Other products » (+5.3%), partly offset by lower prices of “Chemicals and chemical products » (-1.4%).

Compared to the corresponding quarter of 2022, the average PPI-M for the second quarter of 2023 increased by 12.6 points (+9.1%), mainly explained by higher prices of “Food products and beverages » (+12.9%), “Furniture » (+9.0%), “Chemicals and chemical products » (+7.4%), “Wood and products of wood & cork; articles of straw and plaiting materials/ Paper and paper products » (+15.7%), “Rubber and plastic products » (+17.3%), “Printing and reproduction of recorded media » (+17.4%), “Other non-metallic mineral products » (+10.4%) and “Other products » (+12.4%), partly offset by lower prices of “Fabricated metal products » (-6.3%) and “Basic metals » (-8.6%).