Mauritius: Grain mill price rises 9.0%; Producer Price Index for manufacturing up 0.3%
The Producer Price Index for the manufacturing sector (PPI-M) registered an increase of 0.3% from December 2014 to March 2015 upon increase in prices of “Food products and beverages” by 0.8%, which accounted for 60% of the weightage of the PPI-M.(Image:Composite)
The Producer Price Index for the manufacturing sector (PPI-M) registered an increase of 0.3% from 133.5 in December 2014 to 133.8 in March 2015 upon rise in prices of “Food products and beverages” by 0.8%.
The PPI-M measures pure price changes in the effective prices received by producers for that part of their output, which is sold on the domestic market (in Mauritian rupees), and, therefore, excludes Export Oriented Enterprises.
On a monthly basis, the PPI-M gained 0.7% in January 2015, lost 1.0% in February 2015 and gained 0.6% in March 2015.
The Producer Price Index for “Food products and beverages”, which accounts for almost 60% of the weightage of the index, registered an increase that was mainly attributable to higher prices of “Grain mill products” by 9.0% and “Bakery products” by 3.6%, partly offset by a dip of 2.3% in the prices of “Animal feed.”
Compared to the previous quarter, the index for “Food products and beverages” decreased by 0.2% in the first quarter of 2015. The index for “Food products” went down by 0.3%, explained by lower prices of “Vegetable and animal oils and fats”, which dipped by 5.4%, while “Processing and preserving of meat” declined by 1.9%, and the index for “Beverages” remained unchanged.
The average yearly index for the manufacturing sector as a whole was 133.8 in 2014, lower than the figure of 134.0 in 2013. The index for the manufacture of food products and beverages was 136.4 in 2014 compared to 137.6 in 2013, representing a decrease of 0.9%.
After a sharp increase in 2008, the yearly index for the manufacturing sector as a whole, as well as that for the manufacture of food products and beverages, declined in 2009. A steady rise can be noted from 2010 to 2013, followed by a drop in 2014.