The Department of Statistics of Jordan issued its monthly report on Producers Price Index (PPI) which observed a decrease by (0.30%) for the first nine months of 2024 compared to the same period of 2023, and a decrease by )%0.43( in September 2024 compared to the same month of 2023, and an increase by 0.12% compared to August 2024. Noting that the base year has been adjusted to become (100=2018) instead of (100=2010).
Accordingly, the PPI of the first nine months of 2024 had reached 107.40 against 107.72 for the same period of 2023, and the PPI for September 2024 reached 107.50 against 107.96 for the same month of 2023, while the PPI for September 2024 has reached 107.50 against 107.37 compared to August 2024.
Comparing the accumulative PPI for the first nine months of 2024 with the same period in 2023, there were decreases in the prices of “Manufacturing Industries” by (0.43%) with a relative importance 88.74% and the prices of “Quarrying Industries” by (2.79%) with a relative importance 5.36%, while the prices of “Electricity” increased by 4.06% which represents a relative importance of 5.91%.
On the commodity level, the decrease in the index for September 2024 compared to the same month in 2023 was influenced by a decrease in prices of “Manufacturing Industries” by (1.03%), with a relative importance 88.74%. Meanwhile, prices of “Quarrying Industries” increased by 7.94%, with a relative importance of 5.36%, and prices of “Electricity” increased by 1.39%, which represents a relative importance of 5.91%.
In terms of the monthly change, the PPI for September 2024 increased compared to the previous month due to an increase in prices of “Quarrying Industries” by 11.02%, with a relative importance of 5.36%. In contrast, prices of “Manufacturing Industries” decreased by (0.48%), with a relative importance of 88.74%, and prices of “Electricity” decreased by (0.17%) with a relative importance of 5.91%.
Source: Department of Statistics of Jordan
Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither Karen Audit nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.
