PPI Rises 7.3 Percent in Sultanate

The producer price index (PPI) in the

Sultanate moved up by 7.3% in the fourth quarter of 2017, compared

with the same period in 2016. This was attributed to an increase in the

indices of oil and gas products by 8.5% and non-oil products by 2.6%,

according to the data released by the National Centre for Statistics and

Information (NCSI).

The rise in oil and gas products prices was due to the rise in

refined oil products by 25.6% while the prices of crude oil and natural

gas products grew by 5.6%.

Among non-oil products, the prices of the manufactured items rose

by 4.1% compared with the decline of the prices of mining, electricity

and water by 1.8%.

In the manufacturing group, prices of most of the sub-groups

increased with varying percentages. Prices of metal products,

machinery and equipment rose by 9.5%, and other transportable

products rose by 3.8% while prices of food, beverages and textiles

products decreased by 1.2%.

Prices of dairy products increased by 8.2%. While there is a decline

in the prices of bakery and other food products by 6.2%, prices of

garments, textiles and footwear dropped by 1.2%, and beverages

products by 0.4%. On other hand, prices of fish, fruits, vegetables and

oils products remained stable.

The prices of products of gases, acids and polypropylene products

went up by 12.4%, furniture, jewellery manufacturing and anti-melted

metal waste rose by 1.9%, wood and paper products inclined by 0.6%

and rubber and plastic products grew by 0.5%.

On the contrary, there was a decline in the prices of paints and

pharmaceutical products by 3.8% and glass, cement and marble

products by 1.8%.

Raw products of steel or aluminum prices rose by 25.3%,

conditioning, heating and pumping water, drilling of oil wells apparatus

and cars oils filters rose by 1.9%. Prices of fabricated products of steel

or aluminum dropped by 1.6%.

Source: Oman News Agency