Morocco’s Producer Price Index Increases Slightly in January – Morocco World News

Rabat – The producer price index (PPI) of manufacturing industries excluding petroleum increased by 0.1% between December 2019 January 2020, revealed Morocco’s High Commission for Planning (HCP).

The PPI is an index that measures the average changes in prices received by manufacturers for their output. The index measures costs from the viewpoint of the industries that make the product rather than the perspective of consumers.

According to the HCP, the manufacturing of electrical equipment saw the highest PPI increase, with 1%, followed by food industries the manufacturing of non-metallic mineral products, with a 0.7% rise.

The PPI for textile manufacturing the leather footwear industry increased by 0.3%, while the index for the automotive industry fabricated metal products excluding machinery equipment saw a 0.1% rise.

Meanwhile, metallurgy’s PPI fell by 4.1%. The index of beverage manufacturing rubber plastic products also decreased, by 0.5% 0.4% respectively.

The index for extractive industries, electricity production distribution, water production distribution remained stagnant between December 2019 January 2020, concluded