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Saturday, December 10, 2022

Manufacturing Industries: Price Index Up 1.1% in April – HCP

The producer price index of the “Manufacturing industries excluding oil refining” sector posted a rise of 1.1% in April 2022 compared to the previous month, according to the High Commission for Planning (HCP).

This increase is due to a 17.5% price rise in “Metallurgy”, 1.4% in “Food industries” and “Manufacture of other non-metallic mineral products”, 2.4% in “Woodworking and manufacture of wood products and cork”, 1.3% in “Industry of leather and footwear”, 1% in “Manufacture of textiles”, 0.6% in “Manufacture of metal products, excluding machinery and equipment” and 0.2% in “Paper and cardboard industry,” said the HCP in its recent note on the index of producer prices in industry, energy and mining (IPPIEM).

It is also explained by the decline of 1% of prices recorded in “Clothing industry”, of 0.3% in “Manufacture of electrical equipment” and of 0.1% in “Manufacture of computer, electronic and optical products,” added the same source.

The producer price index of the sector of “Mining and quarrying” has experienced a decrease of 0.1% during the April 2022, said the HCP.

In addition, the producer price indices of the sectors of “Production and distribution of electricity” and “Production and distribution of water” have stagnated in April 2022.

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