December PPI increased

PHOTO: AFP.

PHOTO: AFP.

The year-on-year producer price index (PPI) rose to 6.5 percent last month, from 5.8 percent in November, Statistics SA said on Thursday.

From November to December, the PPI for final manufactured goods increased by 0.5 percent.

StatsSA said the main contributors to the rise were food, beverage, tobacco, coke, petroleum, chemical, rubber, and plastic products, plus metals, machinery, equipment, and transport and computing equipment.

“The annual percentage change in the PPI for intermediate manufactured goods was 8.1 percent in December 2013, compared with 7.5 percent in November 2013,” said StatsSA.

“From November 2013 to December 2013, the PPI for intermediate manufactured goods decreased by 0.4 percent.”

The main contributors to the 8.1 percent rate were chemicals, rubber and plastic products, basic and fabricated metals, textiles, and leather goods.

The main contributors to the decrease were textiles and leather goods, and recycling and manufacturing.

The annual change in the PPI for electricity and water was 14.3 percent in December, compared with 15.8 percent in November.

“From November 2013 to December 2013, the PPI for electricity and water decreased by 1.7 percent,” StatsSA said.

“The contributors to the annual rate of 14.3 percent were electricity and water.”

The monthly decrease was due to electricity.

The annual change in the PPI for mining was 2.4 percent in December, compared with 1.4 percent in November.

From November to December, the PPI for mining decreased by 0.8 percent.

The main contributors to the annual rate were non-ferrous metal ores, and coal and gas.

The main contributors to the monthly decrease were stone quarrying, clay and diamonds, and gold plus other metal ores.

The PPI for agriculture, forestry and fishing was 4.1 percent in December, compared with 2.8 percent in November.

From November to December, the PPI for agriculture, forestry and fishing increased by 1.5 percent.

The main contributor to both figures was agriculture.

Sapa

 

 

 

 

 

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