The producer price inflation (PPI) rate decreased marginally to 50.8% in February from 52.6% in January 2023.
This represents a 1.7 percentage point decrease in PPI relative to the 52.6% recorded in January.
The month-on-month change in the PPI between January 2023 and February 2023 was 7.0%.
The producer price inflation in the industry less construction sector decreased to 57.9% in February 2023 from 58.8% in January 2023.
The rate in the construction sector increased to 21.1% in February 2023 from 20.4% in January 2023. In the services sector, the rate increased from 10.6% in January 2023 to 13.4% in February 2023.
The transportation and storage (67.6%), accommodation and food service activities (66.5%), Mining and quarrying (61.2%), electricity and gas (57.4%), and manufacturing (55.7%) recorded rates above the national
average, while Information and communication activity recorded the lowest rate of 4.5% in
February 2023.
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