Producer Price Index Up Year-to-Date, But Down For the Last 12-Months

• The Producer Price Index for the Mining and Quarrying industry increased by 6.0% in August 2020. This upward movement was mainly due to a 6.2% and 1.4% rise in the index for the major groups ‘Bauxite Mining & Alumina Processing’ and ‘Other Mining & Quarrying’, respectively.
• Similarly, a 6.5%, 0.5%, and 0.8% hike in the index for the major groups, ‘Refined Petroleum Products’ and ‘Food, Beverages & Tobacco’ and ‘Chemicals and Chemical Products’ contributed to a 1.5% increase in the index for the Manufacturing industry.
• Year-to-date, both indices declined, but for the period August 2019 - August 2020, the point-to-point index for the Mining & Quarrying industry decreased by 1.6%, while the point-to-point index for the Manufacturing industry declined by 2.3%.

(Source: STATIN)