Producer Price Index up by 0.65% in the third quarter

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Producer Price Index up by 0.65% in the third quarter

The country’s Producer Price index-(PPI) increased by 0.65 percent in third quarter of 2014 compared to the index in the second quarter.

On quarterly basis, Coffee and tea products contributed positively by 1.42 percentage points while sugar and Metal products, except machinery and equipment contributed negatively contributednegatively by 0.20 and 0.46 percentage points respectively.

“On annual basis, the index for the third quarter 2014 decreased by 0.61 percent compared to the index for the same quarter in 2013,” a statement from National Institute of statistics in Rwanda-NISR indicated

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.

The Statistics  body  says that  the contributors  on annual  basis  included  Mining and quarrying  that contributed positively by 0.60 percentage points, Coffee and tea products and Sugar contributed negatively by 0.57 percentage points and by 0.55 percentage points  respectively.

On the other hand the   index for local products registered an increase of 0.40 percent compared to the index of the secondquarter and increase of 0.16 percent compared to the index of the third quarter of the year 2013.

On a monthly basis in the third quarter of 2014, the local products index in July increased by 0.07 percent compared to June 2014, while index in August of increased by 0.58 percent compared to July 2014while the index of September 2014 increased by 0.08 percent.

While the Index for exports registered an increase of 2.70 percent in the third quarter of   2014 when compared to the second quarter 2014 and a decrease of 0.14 percent compared to the index of the third quarter of the year 2013.

on a monthly basis, the  index for  exports  increased  by 2.26 percent in June  compared to Junewhile  in  August   the index increased  by 3.57 percent also  increasing  by  1.37 percent in September 2014.

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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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