The country’s Producer Price index-(PPI) increased by 0.65 percent in third quarter of 2014 compared to the index in the second quarter.
On quarterly basis, Coffee and tea products contributed positively by 1.42 percentage points while sugar and Metal products, except machinery and equipment contributed negatively contributed negatively by 0.20 and 0.46 percentage points respectively.
“On annual basis, the index for the third quarter 2014 decreased by 0.61 percent compared to the index for the same quarter in 2013,” a statement from National Institute of statistics in Rwanda-NISR indicated
The Producer Price Index (PPI) measures the average change over time in prices received by domestic producers for the production of their goods and services.
The Statistics body says that the contributors on annual basis included Mining and quarrying that contributed positively by 0.60 percentage points, Coffee and tea products and Sugar contributed negatively by 0.57 percentage points and by 0.55 percentage points respectively.
On the other hand the index for local products registered an increase of 0.40 percent compared to the index of the second quarter and increase of 0.16 percent compared to the index of the third quarter of the year 2013.
On a monthly basis in the third quarter of 2014, the local products index in July increased by 0.07 percent compared to June 2014, while index in August of increased by 0.58 percent compared to July 2014while the index of September 2014 increased by 0.08 percent.
While the Index for exports registered an increase of 2.70 percent in the third quarter of 2014 when compared to the second quarter 2014 and a decrease of 0.14 percent compared to the index of the third quarter of the year 2013.
on a monthly basis, the index for exports increased by 2.26 percent in June compared to June while in August the index increased by 3.57 percent also increasing by 1.37 percent in September 2014.
