Increase in 4 Main Components and Decrease in other 5
The wholesale prices' Index Rise 0.6% during the Month of April 2016
Media Center | Riyadh
The four main components of the wholesale price index in the Kingdom of Saudi Arabia recorded an decrease in April 2016 compared to the previous month (March 2016). The section of food and live animal fell (0.7%), the section of miscellaneous manufactured goods by (0.6%), then the vegetable and animal oils and fats by (0.3%), and the section of raw material except fuels by (0.1%).
In general, the wholesale price index recorded a monthly increase of 0.6% during the month of April 2016 compared to the previous month (March 2016).
The report of the General Authority for Statistics attributed the rise in the wholesale price index of April 2016 compared to the previous month (March 2016) to the increase in the five main components of the index: the section of chemicals and related products, manufactured goods classified by material, the section of other goods, machinery and transportation equipment, and beverages. While there has not been any change in the section of related products.
The index of wholesale prices in the Kingdom and prepared by the General Authority for Statistics measures the average changes in the prices of goods and services sold in the primary markets in the Kingdom of Saudi Arabia and takes into account the change in price only, and therefore excludes all changes resulting from the differences in brands, bulk discount , differences in the shipping method, or other influencing factors in order to obtain the net price only after excluding all mentioned factors.