PPI-A covers two sub-groups, namely: « Crop products » and « Animals and animal products ». « Crop products » is further subdivided into « Sugar cane » and “Other crop products”.
“Other crop products” heavily influences both the “overall” index and that of the sub-group “Crop products”, of which it constitutes 34.7% and 62.0% of the respective weights.
The index for the period July to December 2023 was 267.8 based on the forecasted price of sugar for the crop year 2023-2024. This represents an increase of 1.7% over the price of sugar for the crop year 2022-2023.
The index for « Other crop products » which was 145.6 in September 2023, increased by 2.2% to reach 148.8 in December 2023, mainly due to increases in the prices of fruits and nuts (+12.2%), partly offset by decreases in the prices of fresh vegetables (brinjal and other fresh vegetables) (-3.1%).
In October, this index decreased by 7.0%, mainly due to decreases in the prices of fresh vegetables (tomato, creepers and other fresh vegetables) (-9.6%) and, fruits and nuts (pineapple) (-6.7%).
In November, the index increased by 4.9%, mainly due to increases in the prices of fresh vegetables (tomato, carrot, and other fresh vegetables) (+5.3%) and, fruits and nuts (+6.1%).
In December, the index increased by 4.7%, mainly due to increases in the prices of fruits and nuts (+13.3%) and fresh vegetables (tomato, creepers and beans) (+1.8%).
