1 National Bureau of Statistics
Tel: +255 26-2963822
64 Lusinde Road
Fax: +225 26-2963828
P. O. Box 2683
E-mail : [email protected]
41104 Tambukareli
Website: www.nbs.go.tz
Dodoma TANZANIA
In reply please quote :
PRESS RELEASE Our Ref: BD.50/156/01/147
Date: 28th May, 2024
PRODUCER PRICE INDICES FOR THE QUARTER ENDING MARCH, 2024
Introduction The National Bureau of Statistics hereby releases the Producer Price Index (PPI) for the first quarter January-March of 2024. The Producer Price Index measures the average change over time in the prices received by selected domestic producers for the production of goods. A basket includes a list of selected commodities of goods that are being priced on quarterly basis. The producer prices are collected as at 15th of the mid-month of every quarter that is; (Q1: January-March), (Q2: April-June), (Q3: July-September) and (Q4: October-December).
Weights and a Reference Period The index weights are based on gross output derived from the 2015 Annual Survey of Industrial Production (ASIP 2015). The Producer Price Index on this release reports the indices with reference to the Fourth Quarter (October-December) of the year 2018(2018Q4=100). It shows the producer price changes since December 2018 up to the first quarter of 2024 , the index has been linked back up to the first quarter of the year 2013 to show the trend of price movements on three major sub-sectors of industry (Mining, Manufacturing, and Utilities).
Classification Industrial Classification follows the International Standard Industrial Classification of All Economic Activities (ISIC) Rev.4.
Methodology In the process of deriving the structure and weights, a top-down approach was adopted in order to maximize the indirect representation of industries and items. The basket was selected and base weights were calculated from Gross Output (GO) based on The Annual Survey of Industrial Production of 2015. During the process of weights calculation, establishments with a contribution of at least 80% of Gross Output were selected in each ISIC Rev.4 Group.
2 A sample of establishments for inclusion in the price survey was then selected using cut -off sampling procedures.
The first level of aggregation is the class 4-digit ISIC; the se indices are the un -weighted Elementary Aaggregates (EA) and are being compiled using the Jevons geometric mean aggregation formula which refers to the Geometric Mean of the price relatives . The Elementary Aggregates indices are then being progressively combined with higher levels within the index structure (i.e. Group 3-digit, 2-digit division and 1-digit Section levels of the ISIC, and then the all-groups levels) using the standard base-weighted Laspeyres formula.
Chart 1: Overall Producer Price Indices for the Quarter Ending March 2024 (Dec 2018 = 100
3 Table 1: Producer Price Indices by Sub-sectors and Major Groups ISIC Rev.4 Industrial Activity Weight Index (Dec 2018=100) Percentage Change Jan - March 2023 Oct -Dec 2023 Jan - March 2024 2024Q1 vs 2023Q4 2024Q1 vs 2023Q1 7 Mining of metal ores 15.71 130.39 130.39 130.39 0.00 0.00 8 Other mining and quarrying 3.37 120.65 120.60 120.75 0.13 0.08 B Mining and Quarrying 19.08 128.67 128.66 128.69 0.02 0.01 10 Manufacture of food products 19.4 124.72 121.88 122.14 0.21 -2.07 11 Manufacture of beverages 11.97 116.31 118.29 122.04 3.17 4.93 12 Manufacture of tobacco products 3.27 130.85 135.27 135.27 0.00 3.38 13 Manufacture of textiles 3.15 110.72 109.44 109.44 0.00 -1.16 14 Manufacture of wearing apparel 0.08 100.16 100.16 100.16 0.00 0.00 15 Manufacture of leather and related products 0.27 127.32 117.14 117.14 0.00 -7.99 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials 1.28 117.23 118.73 118.73 0.00 1.28 17 Manufacture of paper and paper products 2.25 104.33 103.28 104.01 0.72 -0.30 18 Printing and reproduction of recorded media 1.2 99.86 99.46 97.12 -2.35 -2.74 19 Manufacture of coke and refined petroleum products 0.25 119.16 124.33 124.38 0.04 4.39 20 Manufacture of chemicals and chemical products 2.99 94.94 97.51 97.48 -0.03 2.68 21 Manufacture of pharmaceuticals, medicinal chemical and botanical products 0.38 104.78 104.78 104.78 0.00 0.00 22 Manufacture of rubber and plastics products 2.65 102.26 104.57 106.92 2.25 4.56 23 Manufacture of other non-metallic mineral products 5.69 106.35 115.04 118.19 2.74 11.14 24 Manufacture of basic metals 3.21 111.09 106.57 106.95 0.35 -3.72 25 Manufacture of fabricated metal products, except machinery and equipment 0.37 108.19 113.06 113.06 0.00 4.50 26 Manufacture of computer, electronic and optical products 0.05 103.81 107.57 108.87 1.20 4.87 27 Manufacture of electrical equipment 0.72 99.14 99.15 102.10 2.97 2.99 28 Manufacture of machinery and equipment n.e.c. 0 99.15 99.87 99.87 0.00 0.73 29 Manufacture of motor vehicles, trailers and semi-trailers 0.58 86.32 86.59 86.59 0.00 0.31 31 Manufacture of furniture 2.34 102.82 100.79 100.84 0.05 -1.93 32 Other manufacturing 0.59 118.86 120.98 141.10 16.63 18.72 33 Repair and installation of machinery and equipment 0.11 107.70 107.70 107.70 0.00 0.00 C Manufacturing 62.8 114.87 115.29 116.68 1.20 1.57 35 Electricity, gas, steam and air conditioning supply 16.95 101.76 104.32 101.76 -2.45 0.00 36 Water collection, treatment and supply 1.18 111.67 119.26 147.04 23.30 31.67 35&36 Utility 18.12 102.40 105.29 104.70 -0.56 2.24
Overall Index 100 115.24 116.03 116.80 0.66 1.3 *Utilities includes; Electric power generation, transmission and distribution and Water collection, treatment and supply
4
Overall index recorded an increase of 0.66 percent from 116.03 of fourth quarter 2023 to 116.80
of first quarter 2024. An in crease was attributed to water collection, treatment and supply by
23.30 percent followed by other manufacturing by 16.63 percent and manufacture of tobacco
products increased by 3.17 percent. On the other hand, electricity, gas, steam and air
conditioning supply decreased by 2.45 percent followed by p rinting and reproduction of
recorded media by 2.35 percent and m anufacture of chemicals and chemical products
decreased by 0.03 percent.
Looking at percentage change on the same quarter (first quarter 2023 to first quarter 2024), the overall index recorded an increase of 1.35 percent from 116.80 first quarter 2024 to 115.24 first quarter 2023. An increase was attributed to water collection, treatment and supply increased by 31.67 percent followed by other manufacturing by 18.72 percent and manufacture of other non- metallic mineral products increased by 11.1 percent. On the other hand, manufacture of leather and related products decreased by 7.99 followed by m anufacture of basic metals by 3.72 percent and printing and reproduction of recorded media decreased by 2.74 percent
For more information please contact:
Statistician General,
National Bureau of Statistics,
64 Lusinde Road,
P.O. Box 2683,
41104 Tambukareli
Dodoma, TANZANIA.
Tel: +255 26-2963822,
Fax: +225 26-2963828,
E-mail: [email protected],
Website: www.nbs.go.tz.