Producer prices down 0.8% in December 2022

The High Commission for Planning (HCP), reported that the producer price index for the “Manufacturing industries excluding oil refining” sector recorded a drop of 0.8% during the month of December 2022 by report in November 2022.

In its recent note relating to the index of industrial, energy and mining production prices (IPPIEM), the HCP explains that this drop is the result of the 3.9% drop in prices for the “chemical industry”, 2.2% in “Metallurgy” and 0.1% in “Manufacturing of rubber and plastic products”, as well as the 0.2% rise in prices for “Food industry” and “Manufacture of electrical equipment”, 0.4% of “Clothing industry” and 0.1% of “Textile industry”.

Furthermore, notes the same source, the producer price indices for the “Extractive industries”, “Electricity production and distribution” and “Water production and distribution” sectors have stagnated over the of last December.

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