6.50 % the average decrease of the Industrial Producer’s Price for April 2023
The monthly report issued by the Department of Statistics indicates a decrease in the Producer’s Price Index Number for April 2023 to reach 136.35 against 145.83 for the same month of 2022 recorded a decrease by 6.50%. The main industrial groups which contributed to this decrease were the price index of the Manufacturing Industries by 8.08 %with a relative importance of 86.01% and the price index of Electricity by 8.53 %with a relative importance of 5.76%. Meanwhile, there was an increase in the price index of Quarrying industries by 13.45 %with a relative importance of 8.22%.