PRODUCER PRICE INDEX (GOODS) - December & Annual 2016

FBoS Release No: 11, 2017
30th March 2017


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.

December Quarter Highlights

ppiDec16aThe All Items PPI (Goods) index stood at 114.4 for the December quarter of 2016, representing an increase of 1.7 and a decline of 0.4 percentage points when compared to a year earlier and to the September quarter of 2016 respectively.

The movement of the “All Items” index is influenced by the following;

  1. Preferential price for sugar;
  2. Supplier prices of wood and of products of wood and cork except furniture; manufacture of articles of straw and plaiting materials, food products , basic
    metals and fabricated metal products, except machinery and equipment, other manufacturing, wearing apparel and footwear & leather products, chemicals & chemical products and basic pharmaceutical products & pharmaceutical preparations; and
  3. The world market price and exchange rate fluctuations for copra and gold.

 

 

 

 

 

Annual 2016 Highlights

The annual PPI for 2016 stands at 114.5, an increase of 1.9 per cent over the annual 2015 PPI of 112.4. Following are detailed highlights for the industries covered:

ppiDec16bMining & Quarrying

The annual 2016 PPI for Mining & Quarrying stands at 98.7, an increase of 2.7 per cent over the annual 2015 PPI of 96.1. The increase in the mining & quarrying index was due to fluctuations in the world market price and the USD exchange rate.

 

 

 

 

 

 

ppiDec16cManufacturing

The annual 2016 PPI for manufacturing stands at 117.3, an increase of 1.1 per cent over the annual 2015 PPI of 116.0. The increase in the manufacturing index was due to increases in the producer prices of beverages and tobacco products, paper & paper products and printing & reproduction of recorded media, furniture, other non-metallic mineral products, wearing apparel and footwear & leather products, rubber and plastic products, food products, wood and of products of wood and cork except furniture; manufacture of articles of straw and plaiting materials and repair and installation of machinery and equipment.

 

 

 

 

ppiDec16dElectricity & Water

The annual 2016 PPI for electricity & water stands at 107.9, an increase of 8.0 per cent over the 2015 PPI of 99.9. The increase in the electricity and water index was due to an increase in the tariff rates for electricity, gas, steam & air conditioning supply and water collection, treatment & supply.

 

 

 

 

 

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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 March Quarter 2017 will be released in June, 2017.