Posted on March, 7, 2019 at 09:35 am
Producers of goods in Tanzania earned less from sold commodities during the third quarter of last year, after the fall of the producer price index (PPI).
Dar es Salaam. Producers of goods in Tanzania earned less from sales, following the decrease of Producer Price Index (PPI) during the third quarter of last year, compared with similar quarter of 2017.
The PPI report published by the National Bureau of Statistics (NBS) has shown that all industry (overall index) recorded a decrease from 124.5 for the second Quarter (April-June 2018) to 123.7 for the third Quarter (July-September 2018).
Producer Price Index measures the average change over time in the prices received by selected domestic producers for the production of their goods.
A basket includes a list of selected commodities of goods that are being priced on quarterly basis.
The index weights are based on gross output derived from the 2008 Annual Survey of Industrial Production.
The report shows that the main industrial activities that lead to a decrease of price for the third Quarter of year 2018 were Manufacture of tobacco products and manufacture of chemical and chemical product which decreases by -4.1 per cent each.
Source: The Citizen