RAMALLAH: The overall PPI in Palestine with its base year (2019=100) reached 111.09 in 2023, which indicates a sharp increase by 5.48% compared to 2022, according to Palestinian Central Bureau of Statistics (PCBS).

Prices of PPI for 2023 sharply increased due to the increase in the prices of goods in the following major activities: Agriculture, forestry and fishing activities by 15.75%, Electricity, gas, steam and air conditioning supply activities by 8.40%, Mining and quarrying activities by 2.59%, and Manufacturing activities by 0.51%. While, Water supply; sewerage, waste management and remediation activities decreased by 0.37% in 2023 compared to 2022.

The prices of locally consumed products sharply increased by 6.04% and the prices of local exported products increased by 0.38%.

Sharp increase in the Producer Price Index (PPI) during December 12/2023

The overall Producer Price Index (PPI) for Palestine with its base year (2019 = 100) reached 127.09 in December 2023, as it shaply increased by 11.22% com
pared to November 2023.

PPI for locally consumed products during December 2023

Producer Price Index for locally consumed products (2019 = 100) reached 128.63 in December 2023, which indicates a sharp increase of 12.07% compared to November 2023.

PPI for local exported products during December 2023

Producer Price Index for local exported products (2019 = 100) reached 112.74 in December 2023, which indicates an increase of 2.90% compared to November 2023.

Source: Palestine news and Information Agency – WAFA