The Palestinian Producer Price Index, 2021 & December, 12/2021

Increase in the Producer Price1 Index (PPI) during 2021

The overall PPI in Palestine with its base year (2019=100) reached 98.04 in 2021, which indicates an increase by 2.67% compared to 2020.

Prices of PPI for 2021 increased due to the increase in the prices of goods in Water supply; sewerage, waste management and remediation activities by 25.02%, Electricity, gas, steam and air conditioning supply activities by 4.35%, Manufacturing activities by 3.80%, and Mining and quarrying activities by 0.68%. While the prices of goods in Agriculture, forestry and fishing activities decreased by 2.73% in 2021 compared to 2020.

The prices of local exported products increased by 6.72%, and the prices of locally consumed products increased by 2.23%.

Decrease in the Producer Price Index (PPI) during December,12/2021

The overall Producer Price Index (PPI) for Palestine with its base year (2019 = 100) reached 99.36 in December 2021, as it decreased by 0.35% compared to November 2021.

PPI for local exported products

Producer Price Index for local exported products (2019 = 100) reached 106.81 in December 2021, which indicates a decrease of 0.48% compared to November 2021.

PPI for locally consumed products

Producer Price Index for locally consumed products (2019 = 100) reached 98.57 in December 2021, which indicates a decrease of 0.33% compared to November 2021.

1 The producer’s price is the amount receivable by the producer from the purchaser for a unit of a good or service produced as output minus any VAT, or similar deductible tax, invoiced to the purchaser. The producer’s prices exclude any transport charges invoiced separately by the producer

Source: Palestine Central Bureau of Statistics