Producer index increase by 1.80 percent in the fourth quarter

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`The country’s producer index increased by 1.80 percent in the fourth quarter of 2015, the statistics body has announced.

Statistics released by National Institute of Statistics of Rwanda-NISR, show index increasing on monthly basis by 0.81percentage points, -0.03 points and-0.78 percentage point in October, November and December, 2015 respectively.

On quarterly basis, the producer price index for local products in the fourth quarter stood at 1.77 percent while the index for exports stood 2.67 percent.

Accordingly, The Producer Price Index (PPI) measures the average change over time in prices received by domestic producers for the production of their goods and services.

“It presents price changes for all combined products, products for local sales and that for exports,” said Oscar Sibomana, the acting director of economic statistics departmentat the statistics body on Tuesday.

Sibomana says that the main contributors of the index on quarterly basis were electricity power generation, transmission and distribution and coffee and tea products contributed contributing positively by 1.68 and 1.42 percentage points.

But non-ferrous metal ores contributed negatively by 1.29 percentage points to the index.

While (0.63% (0.08%): -1.47%):

On a monthly basis, Lucie Mutetijabiro, price statistician team leadersays printing and service activities contributed positively by 0.45 percentage points and dairy products contributed positively by 0.21 percentage points in the month of October, 2015.

In November, it was sugar and grain mill products which contributed by 0.06 and 0.01 percentage points while printing and service activities contributed positively by 0.01 percentage points.

“Furniture products contributed negatively by 0.86 percentage points and non-ferrous metal ores contributed positively by 0.13 percentage points in December, 2015,” a statement from the body indicated.

While on annual basis in quarter four, 2015 the non-ferrous metal ores continued to contribute negatively  to the index by  13.67 percentage points with coffee and tea contributed positively  by 9.24 percentage points and  5.12 percentage points by electricity power generation, transmission and distribution.

 

About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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