Products manufactured for sale on the local market increased according to recent statistics at National Institute of Research of Rwanda.
The latest publication on national statistics official website indicate that the index for products manufactured for local market stood at 168.58 June this year, which is a slight increase of 0.66% compared to the index of May 2011 (167.48).
It is also indicating that on annual basis, the index for June 2011 was 3.25% higher.
“This increase is mainly attributable to price increase in the subgroups of Food products, beverages and tobacco (+1.47 %),” the information on the website reads parts.
The increase is due to price changes of the food products of which the manufacture of bakery products, pastry, and biscuits (+10.92%), grain mill and animal feeds products (+22.86%), dairy products(+10.44%) and Processing and preserving of fruits and vegetables (+3.96%).
“This increase is mostly attributable to the overall effect of price changes in the manufacture of textiles, wearing apparel, paper and paper products, chemical products(+10.89%), fabricated metal products(+1.65%) tanning and dressing of leather (+26.48%) and publishing of books, newspapers (+1.60%),” NISR indicated on its website.
Nevertheless, manufacturing of plastic products, tubes, retreading and rebuilding of rubber tyres (-10.30%) have partially offset the positive trend of this subgroup.
The index for goods mainly produced for exports stood at 275.62 in April, 274.61 in May and 281.90 in June 2011.
Prices fetched for tea exports registered a decrease of 4.95% in April 2011 and increases of 1.32% and 3.00% in May and June 2011, respectively.
On the other hand on an annual basis, the index of export products registered an increase of 43.93% in June 2011 compared to the index of the same month of the previous year.
This is the twenty sixth publication of monthly Producer Price Index for the Manufacturing sector.
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