HCP: PPI for manufacturing industries up 1% in May

The High Commission for Planning (HCP), indicated that the producer price index for the “Manufacturing industries excluding oil refining” sector increased by 1% in May 2022 compared to the previous month.

In its recent note relating to the index of industrial, energy and mining production prices (IPPIEM), the HCP reveals that this increase is the result of a 2.2% increase in the prices of “Food industries”, from 1, 9% of “Chemical industry”, 1% of “Automotive industry”, 2.7% of “Manufacture of rubber and plastic products”, 0.9% of “Industry of ‘clothing’, 0.4% in the ‘Manufacture of other non-metallic mineral products’ and 3.6% in the ‘Leather and footwear industry’.

It is also explained by the 2.8% drop in “Metallurgy” prices, adds the note.

In addition, the producer price indices for the “Extractive industries”, “Electricity production and distribution” and “Water production and distribution” sectors stagnated during the month of May 2022. .

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