A sharp increase by more than 7.4% in the producer price index in Palestine during 2022 – PCBS

The overall Producer Price Index (PPI) in Palestine sharply increased by 7.43% in 2022 compared to 2021, today said the Palestinian Central Bureau of Statistics (PCBS).

The increase in the index was due to the sharp increase in the prices of electricity, gas, steam and air conditioning supply by 12.76%, agriculture, forestry and fishing activities by 12.26%, water supply; sewerage, waste management and remediation activities by 6.31%, manufacturing activities by 4.78%, and mining and quarrying activities by 3.03%.

The prices of locally consumed products sharply increased by 7.69% and the prices of locally exported products sharply increased by 5.14%, said the PCBS.

The overall PPI for Palestine for December increased by 0.18% compared to November as PPI for locally consumed products increased by 0.18% and for locally exported products by 0.20%.

The changes of PPI for December 2022 were traced back to changes in prices of the following major activities compared to the previous month:

Source: Palestine News and Information Agency