Producer Price Index Improves in December 2020

• The Producer Price Index for the Mining and Quarrying industry increased by 1.3% for December 2020, while the index for the Manufacturing industry increased by 0.9% as released in the December 2020 Bulletin by the Statistical Institute of Jamaica (STATIN).
• The movement in the index for the Mining and Quarrying industry was influenced mainly by a 1.3% increase in the index for the major group ‘Bauxite Mining & Alumina Processing’.
• The main contributors to the increase in the index for the Manufacturing industry were the major groups, ‘Refined Petroleum Products’ which moved up by 5.3%, ‘Food, Beverages & Tobacco’ up by 0.1% and ‘Other Non-Metallic Mineral Products’ up by 0.5%.
• For the period December 2019 – December 2020, the point-to-point index for the Mining & Quarrying industry decreased by 3.3%, due mainly to a decline of 3.5% in the index for the major group 'Bauxite Mining & Alumina Processing’. The Manufacturing industry on the other hand increased by 1.1%.

(Source: STATIN)