Producer Price Index

• Output prices for producers within the Mining and Quarrying industry decreased by 0.7% at the beginning of the 2022 calendar year, following an increase of 2.8% in December 2021, as reported by the Statistical Institute of Jamaica (STATIN). However, for the Manufacturing industry, producer prices increased by 2.0%, 1.8 percentage points above the 0.2% recorded in December 2021. 
• The movement in the Mining and Quarrying industry index in January reflects a fall of 0.8% in the index for the heavier weighted major group Bauxite Mining & Alumina Processing. 
• For January, the main contributors to the increase in the index for the Manufacturing industry were the major groups, Refined Petroleum Products up 8.8%, Chemicals and Chemical Products up 1.4% and Food, Beverages & Tobacco grew by 0.5%. 
• For the period January 2021 – January 2022, the Mining & Quarrying industry PPI rose by 40.2%, due mainly to an increase of 41.5% in the index for the major group Bauxite Mining & Alumina Processing. The point-to-point index for the Manufacturing industry moved by up 22.1%. For the 2021/2022 fiscal year, April 2021 – January 2022, the index for the Mining & Quarrying industry increased by 36.2%, while the index for the Manufacturing industry advanced by 14.7%.

(Source: STATIN)