Producer Price Index-Manufacturing for 4th Quarter 2022

The Producer Price Index for the manufacturing sector registered a decrease of 0.2 points (-0.1%) from 148.1 in September 2022 to 147.9 in December 2022.

The main reason for the net decrease was lower prices of “Food products and beverages” (-1.0%), “Other transport equipment” (-3.1%) and “Basic metals” (-3.6%), partly mitigated by higher prices of “Rubber and plastic products” (+3.6%), “Chemicals and chemical products” (+0.8%), “Fabricated metal products” (+0.9%), “Wearing apparel” (+0.7%) and “Other non-metallic mineral products” (+0.8%).

The Producer Price Index for “Food products and beverages”, which accounts for 44.7% of the total weight, registered a net decrease of 1.5 points (-1.0%) from 145.5 in September 2022 to 144.0 in December 2022. This decrease was mainly attributable to lower prices of “Vegetable and animal oils and fats” (-17.1%), “Animal feed” (-1.2%) and “Grain mill products” (-1.0%), partly mitigated by higher prices of “Dairy products” (+2.8%), “Processing and preserving of meat” (+1.0%) and “Other food products n.e.c” (+1.7%) of which “Spices, sauces, condiments and other food products n.e.c” (+1.6%).