The producer price index for the “Manufacturing industries excluding petroleum refining” sector continued its upward trend in June 2022, for the sixth consecutive month.
According to data published by the High Commission for Planning (HCP), it recorded an increase of 0.6% during the month of June 2022 compared to May 2022. And this, following a series of increases recorded since the beginning of the year: May (1.0%), April (1.1%), March (0.7%), February (0.8%) and January ((2.5%).
This new increase is the result of the increase in prices for “Food industries” (2.3%), the “Paper and cardboard industry” (1.5%), the “Textile industry” ( 0.8%), “Clothing industry” (0.3%) and “Printing and recording reproduction work” (1.0%).
According to the public body, this development is also the result of the rise in prices observed in “Woodworking” (0.7%) and “Chemical industry”, “Manufacturing of electrical equipment”, “Manufacture of metal products” and “Manufacture of computer products” (0.1%), he underlined in an information note relating to the industrial, energy and mining producer price index (IPPIEM) for the month of June 2022.
The evolution of this index is also explained by the 2.3% drop in “Metallurgy” prices, continued the High Commission, noting, on the other hand, that the sector’s producer price index of “Extractive Industries” experienced an increase of 0.1% during the month of June 2022.
As a reminder, a month earlier (May), the rise in the producer price index for the “Manufacturing industries excluding petroleum refining” sector (1.0%) was attributed to the increase of 2 .2% of the prices of “Food industries”, 1.9% of “Chemical industry”, 1.0% of “Automotive industry”, 2.7% of “Manufacture of rubber products and plastic”, 0.9% of the “Clothing industry”, 0.4% of the “Manufacture of other non-metallic mineral products” and 3.6% of the “Leather industry and footwear”.
In a previous information note, the High Commission had also justified this increase by the 2.8% drop in prices for “Metallurgy”.
At the end of April, the HCP explained the rise in the index (1.1%) by that of the prices of “Metallurgy” (17.5%), “Food industries” and “Manufacturing other non-metallic mineral products” (1.4%), “Woodworking and manufacture of wooden and cork products” (2.4%), “Leather and footwear industry” (1.3%), “Manufacture of textiles” (1.0%), “Manufacture of fabricated metal products, excluding machinery and equipment” (0.6%) and ” Paper and cardboard industry” (0.2%).
The High Commission had, moreover, established a link with the fall in prices recorded in the “Clothing industry” (1.0%), the “Manufacture of electrical equipment” (0.3%) and in the “Manufacture of computer, electronic and optical products” (0.1%).
In the sixth month of the current year, the analyzes of the public institution come together on one observation: the producer price indices for the “Electricity production and distribution” and “Electricity production and distribution” sectors ‘water’ experienced stagnation during the month of June 2022.
In its information note for the month of May, the High Commission reported stagnation in the producer price indices for the “Extractive industries”, “Electricity production and distribution” and of “Production and distribution of water”.
Alain Bouithy