Producer’s Price Index up in November

November 15, 2024

Economy

Producer’s Price Index up in November

January 17, 2018

Producer’s Price Index for all economic activities which include, agriculture, manufacturing and electricity and water supply increased slightly by 1.3 index points to 130.2 index points in November 2017 as compared to October 2017.

According to Department of Census and Statistics (DCS) the annual growth rate of the overall index for November, 2017 is 14.8%.

The agriculture sector reported a high annual growth rate of 34.7 per cent. Annual growth rate reported for manufacturing and electricity and water supply activities are 1.8 and 0.4 per cent respectively.

The agriculture sector is the major contributing activity for the high annual rate of growth in November 2017 on year on year basis.

The Producer’s Price Index (PPI) measures the average change over the time in the prices received by domestic producers of goods and services.

The introduction of the PPI in Sri Lanka provides a more complete picture of price movements and trends for making informed policy decisions.