Palestinian Central Bureau of Statistics continues to work on data collection and production of Palestinian Producer Price Index in light of COVID-19 (CORONA VIRUS) pandemic
Decrease in the Producer Price Index (PPI) during July 2020
The overall Producer Price Index (PPI) for Palestine with its base year (2018 = 100) reached 93.10 in July 2020, as it decreased by 0.51% compared to June 2020.
PPI for locally consumed products
Producer Price Index for locally consumed products (2018 = 100) reached 92.76 in July 2020, which indicates a decrease of 0.52% compared to June 2020.
PPI for local exported products
Producer Price Index for local exported products (2018 = 100) reached 96.14 in July 2020, hich indicates a decrease of 0.41% compared to June 2020.
Notice for Users:
- Due to COVID-19 pandemic and inability to conduct face-to-face interview, data for PPI has been collected using mobile phones.
- The process of collecting data of agricultural commodities that is collected from the farm gate was complete.
- The number of Industrial facilities, from which Producer Prices are collected in Palestine, reached 365 facilities. Thus, in light of the temporary closure of many outlets due to applying the Palestinian emergency plan,
- The number of price observations collected to compile the Palestinian Producer Price index is 1,475 price observations; where 97% were collected in July 2020. Hence, the International recommendations were followed in estimating the missing data, which are mentioned in Price Index guide. Moreover, the (Group Relative Method) is one of the best methods used to estimate the missing data, which is the process of estimating the prices based on the change in the prices of the remaining sources for the same category. Accordingly, in case of the closure of an entire source on a temporary basis, all the prices of that source are estimated based on the change in the prices of the sources that share the same items which are collected from that source.
- The estimate is also used at the (Next Level Up in Aggregation) in case of the disappearance of the index for a whole sub-group or a higher group reaching up to the major groups that constitute the index.
Source: Palestine Central Bureau of Statistics