Annual Producer Price Index stood at 13.17% for February

The Producer Price Index (IPP) registered during the second month of the year a growth of 1.15% compared to January 2021, a variation 2.71 points lower than that presented by the PPI a year ago, during February 2022, when the indicator presented a month-on-month variation of 3.86%.

With this, the annual variation of the indicator also showed a much more moderate figure than that of February 2022, since while a year ago the producers experienced an annual variation of 31.07% in their pricesin February 2023 the PPI registered only a growth of 13.17% in its annual figure.

The PPI is an indicator that Dane uses to measure the average price variation of a basket of goods representative of national production and imports, and according to the entity, it is one of the tools for the detection of inflationary transmission channelssince it allows studying the behavior of the prices of the products from the moment they enter the marketing channels.

During February it presented an increase of 1.33% in the prices of goods produced for domestic consumption and 0.71% in those exported. By sectors, agriculture, hunting and fishing saw an increase of 2.92% in its PPI, while manufacturing industries was 1.09% and exploration of mines and quarries the data was -0.45%.

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