Producer Price Index – Manufacturing for 3rd Quarter 2023

he average PPI-M for the third quarter of 2023 stood at 151.1

PPI-M, which stood at 151.2 in June 2023, registered a decrease of 0.2 point (-0.1%) to reach 151.0 in September 2023. On a monthly basis, PPI-M decreased by 0.1 point (-0.1%) in July, remained unchanged in August and decreased by 0.1 point (-0.1%) in September 2023.

The average PPI-M for the third quarter of 2023 stood at 151.1, i.e., an increase of 0.5 point (+0.3%) from 150.6 in the second quarter of 2023. This increase was mainly attributable to higher prices of “Food products and beverages » (+1.1%), “Other transport equipment » (+2.3%), “Furniture » (+0.4%), “Textiles » (+2.6%) and “Wearing Apparel » (+0.7%), partly offset by lower prices of “Chemicals and chemical products » (-1.4%), “Printing and reproduction of recorded media » (-2.7%) and “Basic metals » (-3.9%).

Compared to the corresponding quarter of 2022, the average PPI-M for the third quarter of 2023 increased by 4.4 points (+3.0%), mainly explained by higher prices of “Food products and beverages » (+5.0%), “Other non-metallic mineral products » (+5.4%), “Wood and products of wood & cork; articles of straw and plaiting materials/ Paper and paper products » (+3.7%) and “Other products » (+12.0%), partly offset by lower prices of “Fabricated metal products » (-4.1%) and “Chemicals and chemical products » (-2.8%).