Increase in the Producer Price Index during 2015

The overall Producer Price Index (PPI) in Palestine with its base year (2011=100) reached 106.07 in 2015, which indicates an increase by 1.73% compared to 2014.

Prices of Producer Price Index for 2015 increased due to the increase in the prices of the Fishing group by 21.62%, Agriculture goods by 6.12%, and Mining and quarrying by 1.84%, while the prices of Manufacturing group decreased by 0.97%.

The prices of locally consumed products increased by 1.89%, and the prices of local exported products slightly increased by 0.06%.

Decrease in the PPI during December 2015

The overall Producer Price Index (PPI) for Palestine with its base year (2011=100) reached 107.64 in December 2015, as it decreased by 0.17% compared to November 2015.

Producer Price Index for Locally Consumed Products

Producer Price Index for locally consumed products (2011=100) reached 108.07 in December 2015, which indicates a decrease by 0.19% compared to November 2015.

Producer Price Index for Local Exported Products

Producer Price Index for local exported products (2011=100) reached 103.33 in December 2015, which indicates a slight decrease by 0.01% compared to November 2015.

The Producer Price Index and Major Activities

The prices of agriculture goods decreased by 0.29%, and they formed 36.01% of the goods basket, due to the decrease in prices within the animal husbandry activity by 2.79% and the decrease in prices of animal products by 7.94%, while the prices of live animals increased by 1.04%. The prices of products within the crop cultivation activity increased by 1.43% due to the increase in the prices of fresh fruit by 2.23% and the increase in the prices of fresh and dried vegetables by 1.54%.

The prices of products within the manufacturing group decreased by 0.14% and formed 61.66% of the goods basket. Their decrease resulted from  the drop in the prices of refined petroleum products by 5.86%, the prices of reindustrialized products by 4.10%, the prices of electricity generation, collection, and distribution by 1.35%, the prices of water collection, purification, and distribution by 1.08%, the prices of producing oils and plant and animal fats by 0.76%, the prices of manufacturing machines and equipment by 0.63%, the prices of producing precious and non-ferrous metals by 0.58%, the prices of dairy products by 0.44%, the prices of manufacturing chemical products by 0.32%, and the prices of grinded grains and animal fodder products by 0.27%.

However, the prices of manufacturing garments increased by 2.30%, the prices of producing, preparing, and preserving vegetables and fruits increased by 1.60%, the prices of tobacco products increased by 0.35%, and the prices of producing paper and paper products increased by 0.30%.

Moreover, the prices of products within the mining and quarrying activity slightly decreased by 0.02%, and they formed 2.13% of the goods basket.  

The prices of fishing products increased by 8.59%, and they formed 0.20% of the goods basket.