Producer prices increased 0.84% in December of 2022

The National Institute of Statistics and Informatics (INEI) informed that the Producer Price Index (PPI) increased by 0.84% in the month of December of 2022, due to the greater incidence of the Exploitation of Mines and Quarries sectors that increased in 2.00% due to the rise of metal ores (4.46%) and Manufacturing Industries that had a slight increase of 0.04%, outstanding base metals (4.32%). On the other hand, Agricultural and Fishing sector decreased by 0.64%, due to the lower prices registered in livestock (-3.38%).

In the technical report Producer Price Index is also detailed that in the year 2022, this indicator reduced by 2.96%, due to the lower prices observed in the Exploitation of Mines and Quarries sector (-10.77%) based in the fall of metal prices that the country exports by the decrease of the international demand.

On the other hand, price increase in Agricultural and Fishing (11.24%) sector was registered, due to the Price increase of fertilizers in the international market; and in Manufacturing Industries sector (2.89%).

In the year 2022, the Exploitation of Mines and Quarries sector reduced by 10.77%, influenced by the downward prices that registered the Metal Ores Extraction (-13.41%) divisions as a result of the price instability of the Iron Ores Minerals Extraction (-17,07%) division due to the lower demand of exports. Likewise, Other Non-Ferrous Metal Ores Minerals division (-13.29%), based in the lower prices of minerals of industrial use such as copper (-18.4%), zinc (-18.2%) and lead -3.6%; in the same way the precious metals such as gold (-12.6%) and silver (-8.5%) decreased its prices, due to the decrease of the international demand of these metals.

Meanwhile, the Crude Oil and Natural Gas Extraction division registered an increase by 3.63%, due to the price increase of natural gas (9.0%) influenced by the exchange rate, in the same way the crude oil (1.9%) price determined by the international context.

In the period January-December 2022, producer prices of Agricultural and Fishing sector increased by 11.24% based in the rise observed in the Non-Plant Products group (25.18%), outstanding the vegetables, roots and tubers (36.80%) class due to higher prices of potatoes (81.0%), yucca (42.1%), ullucus (38.2%), carrot (25.2%), lettuce (20.1%), watermelon (19.3%), sweet potato (18.6%), cucumber (16.2%), among others. Likewise, Fiber plants prices increased such as the raw cotton (28.6%) and rice growing (18.27%); likewise, cultivated pasture such as alfalfa (15.7%); Cereals (except rice) and legumes (11.57%) such as green kidney bean (28.5%), green fava bean (22.3%), corn maize (21.5%), among others.

In the same way, the prices of Perennial plants group (15.75%), due to the increase in citrus-fruit growing (26.44%) such as lemon (70.8%) and orange (16.5%); Plants with which beverages are prepared (23.45%) such as whole-bean coffee (26.5%), due to the greater prices in export, Pip fruits and stone fruits (17.21%) such as peach (23.5%) and apple (13.6%). Rising prices registered the grape cultivation (12.20%) Other fruits and tree and bush nuts (7.28%) such as strawberries (24.1%) and Tropical and sub-tropical fruits (7.04%) such as pineapple (24.4%), sweet passion fruit (21.8%), banana (10.8%) and papaya (5.0%).

On the other hand, live chicken in farm (-13.5%) and raw wool (-1.0%) reduced; nevertheless, the prices of fresh chicken eggs increased (16.6%).

On the other hand, the Fishing and Aquaculture division reported a positive result (1.65%), due to the increase observed in the Fishing group (3.14%), outstanding the maritime species (2.95%) such as the hake (53.9%), Bonito fish (20.7%), squid (11.6%), Parrot fish (9.5%) and mackerel (3.3%); as well as, fresh water species (9.28%). Meanwhile, it decreased the prices of Aquaculture (-9.36%) due to the price reduction of prawns (-23.6%).

In the year 2022, the prices of the Manufacturing industries increased 2.89%, influenced by the increase of important raw materials, demand excess and due to an offer reduction; as well as the increase of freights, volatile external markets due to the increase of exchange rate, among other factors. The divisions that contributed with this result were Food products Production (10.78%), Products of oil refining (24.61%), other non-metallic mining products (11.90%), Substances and chemical products (10.56%), Production of Wood and Manufacture of wood and cork products except furniture; manufacture of straw articles and plaiting materials (13.60%) and Impression and recordings playback (13.26%).

Also, registered increase of prices the divisions of Clothing items manufacturing (4.87%), Paper and Paper products manufacturing (10.19%), Other manufacturing industries (12,74%), Manufacturing of textile products (4.66%) and Production of beverages (2.02%).