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.50/156/01/165
Date: 03rd September, 2024
PRODUCER PRICE INDICES FOR THE QUARTER ENDING JUNE, 2024
Introduction The National Bureau of Statistics hereby releases the Producer Price Index (PPI) for the second quarter April - June of 2024. The PPI 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 PPI on this release reports the indices with reference to the Fourth Quarter (October - December) 2018 (2018Q4=100). The result shows the producer price changes since December 2018 up to the second quarter 2024, the index has been linked back up to the first quarter 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 all- groups levels) using the standard base-weighted Laspeyres formula.
Chart 1: Overall Producer Price Indices for the Quarter Ending June 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
Apr -June
2023
Jan -
March
2024
Apr -June
2024
2024Q2
vs
2024Q1
2024Q2
vs
2023Q2
7
Mining of metal ores
15.71 130.39 130.39 130.39
-
-
8
Other mining and quarrying
3.37 120.65 120.75 120.81 0.05
0.13
B
Mining and Quarrying
19.08 128.67 128.69 128.70 0.01
0.02
10
Manufacture of food products
19.40 122.67 122.14 123.79 1.36
0.92
11
Manufacture of beverages
11.97 117.25 122.04 120.11 (1.59)
2.43
12
Manufacture of tobacco products
3.27 130.85 135.27 139.86 3.40
6.89
13
Manufacture of textiles
3.15 108.34 109.44 109.44
0
1.01
14
Manufacture of wearing apparel
0.08 100.16 100.16 100.16
0
0
15
Manufacture of leather and related products
0.27 127.32 117.14 117.14
0 (7.99)
16
Manufacture of wood and of products of wood
and cork, except furniture; manufacture of
articles of straw and plaiting materials
1.28 117.17 118.73 117.99 (0.62)
0.69
17
Manufacture of paper and paper products
2.25 103.13 104.01 104.01
0
0.85
18
Printing and reproduction of recorded media
1.20 99.62 97.12 97.12
0 (2.51)
19
Manufacture of coke and refined petroleum
products
0.25 119.44 124.38 124.93 0.44
4.60
20
Manufacture of chemicals and chemical
products
2.99 96.20 97.48 96.93 (0.57)
0.77
21
Manufacture of pharmaceuticals, medicinal
chemical and botanical products
0.38 104.78 104.78 104.78
0
0
22
Manufacture of rubber and plastics products
2.65 106.82 106.92 106.07 (0.80)
(0.70)
23
Manufacture of other non-metallic mineral
products
5.69 108.20 118.19 114.23 (3.35)
5.58
24
Manufacture of basic metals
3.21 107.20 106.95 106.57 (0.35)
(0.59)
25
Manufacture of fabricated metal products,
except machinery and equipment
0.37 112.75 113.06 113.06
0
0.28
26
Manufacture of computer, electronic and optical
products
0.05 99.14 102.06 102.43 0.36
3.32
27
Manufacture of electrical equipment
0.72 104.77 108.87 108.87
0
3.91
28
Manufacture of machinery and equipment n.e.c.
- 99.87 99.87 104.43 4.56
4.56
29
Manufacture of motor vehicles, trailers and
semi-trailers
0.58 86.32 86.59 86.59
0
0.31
31
Manufacture of furniture
2.34 99.92 100.84 100.84
0
0.92
32
Other manufacturing
0.59 119.91 141.10 140.74 (0.26)
17.37
33
Repair and installation of machinery and
equipment
0.11 107.70 107.70 107.70
0
0
C
Manufacturing
62.80 114.41 116.68 116.60 (0.06)
1.92
35
Electricity, gas, steam and air conditioning
supply
16.95 101.76 101.76 101.76
0
0
36
Water collection, treatment and supply
1.18 115.27 147.04 147.04
0
27.56
35&36
Utility
18.12 102.63 104.70 104.70
0
2.01
Overall Index
100.00 115.00 116.80 116.75 (0.04)
1.53
*Utilities includes; Electric power generation, transmission and distribution and Water collection, treatment and supply
4 Overall index recorded a decrease by 0.04 percent from 116.80 of first quarter 2024 to 116.75 of second quarter 2024. A decrease was attributed to manufacture of other non-metallic mineral products which decreased by 3.35 percent followed by manufacture of beverages by 1.59 percent and manufacture of rubber and plastics products by 0.8 percent. On the other hand, manufacture of machinery and equipment n.e.c recorded an increased by 4.56 percent followed by manufacture of tobacco products by 3.40 percent and manufacture of food products by 1.36 percent
Looking at percentage change for the similar quarter (second quarter 2023 to second quarter 2024), the overall index recorded an increase by 1.53 percent from 115.00 second quarter 2023 to 116.75 second quarter 2024. An increase was attributed to water collection, treatment and supply increased by 27.56 percent followed by other manufacturing by 1 7.37 percent and manufacture of tobacco products increased by 6.89 percent. On the other hand, manufacture of leather and related products decreased by 7.99 followed by printing and reproduction of recorded media by 2.51 percent and manufacture of rubber and plastics products decreased by 0.70 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.