PRODUCER PRICE INDEX (Goods) - December 2015

FBoS Release No: 11, 2016
31st March 2016


The Producer Price Index (Goods) is a family of indexes that 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

The All Items PPI (Goods) index for the December quarter of 2015 has declined slightly by 0.5 percentage points when compared to the same period in 2014.

However, when compared to the September quarter of 2015, the All Items PPI (Goods) index increased by 0.4 per cent.

 

Contributing to this increase were higher prices recorded for rubber and plastic products, beverages and tobacco products, paper & paper products and printing & reproduction of recorded media, food products, furniture, wearing apparel and footwear & leather products and basic metals and fabricated metal products,except machinery and equipment.

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Annual 2015 Highlights
The annual PPI for 2015 stands at 112.4, a decrease of 0.5 per cent over the annual 2014 PPI of 113.0. Following are detailed highlights for the industries covered:

 

 

Mining & Quarrying
The annual 2015 PPI for Mining & Quarrying stands at 96.1, a decline of 2.9 per cent over the annual 2014 PPI of 99.0. The decline in the mining & quarrying index was due to fluctuations in the world market price and the USD exchange rate.

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Manufacturing
The annual 2015 PPI for manufacturing stands at 116.0, a decline of 0.5 per cent over the annual 2014 PPI of 116.6. The decline in the manufacturing index was due to decreases in the producer prices of food products, other manufacturing and chemicals & chemical products and basic pharmaceutical products & pharmaceutical preparations.

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Electricity & Water
The annual 2015 PPI for electricity & water stands at 99.9, which is unchanged over the annual 2014 PPI of 99.9.

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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 2016 will be released by end of June, 2016.