PRODUCER PRICE INDEX (Goods) - March 2016

FBoS Release No: 29, 2016
30th June 2016


The Producer Price Index (Goods) measures the average change over time in the prices received by domestic producers of goods, that is, the prices of goods as and when they leave the factory or the producers’ premises. Information contained in this release are used to estimate Gross Domestic Product at Constant Prices.

The Fiji Standard Industrial Classification (FSIC) 2010 has been used for classifying industries and commodities.

The PPI (Goods) survey covers the following industries; Mining & Quarrying, Manufacturing, Electricity and Water.

March Quarter Highlights

ppiMar16a

The All Items PPI (Goods) index stood at 114.2 for the March quarter of 2016, representing an increase of 1.2 and 1.5 percentage points when compared to a year earlier and to the December quarter of 2015 respectively.

The movements of the “All Items” index were influenced by the following;

  1. Increased tariff rates for electricity, gas, steam & air conditioning supply and water collection, treatment & supply;
  2. Increased duty on beverages & tobacco products;
  3. The world market price for gold and
  4. Supplier prices of paper & paper products and printing & reproduction of recorded media, furniture, rubber & plastic products, chemicals & chemical products and basic pharmaceutical products & pharmaceutical preparations and other non-metallic mineral products.

 

 

 

 

 

 

Click here for related tables

Appendix I Technical notes.

For further enquiries, please contact Ms. Komal Devi on email or telephone 331 5822 (ext. 386 239) or direct line 323 0839.

The Producer Price Index for June Quarter 2016 will be released by end of September, 2016.