The rise in the price index of the manufacturing industry product in Dubai in the first quarter – the economic – the UAE economy

The general producer price index for the manufacturing sector for the first quarter of 2021 recorded an increase of 6.14% compared to the first quarter of 2020, and an increase of 6.62% compared to the fourth quarter of 2020.

The index increased by 6.62% during the first quarter of 2021 compared to the prices of the fourth quarter of 2020, and this is due to the increase in the prices of each of the refined petroleum products by 31.09%, which contributed to pushing the general number of product prices to rise by 3.28 points, and the base metals by 11.33%, which pushed the index by 1.58 points, machinery and equipment not classified elsewhere by 12.09%, which raised the index by 0.57 points, food products by 3.20%, which pushed the index by 0.44 points, and rubber and plastics products by 8.63%, which pushed the index by 0.30 points, printing and reproduction of registered media by 7.34%, which pushed the index by 0.27 points.

Forged metal products, excluding machinery and equipment, increased by 2.29%, which increased the index by 0.24 points, furniture by 3.54%, which pushed the index by 0.09 points, beverages by 4.49%, which increased the index by 0.08 points, and electrical equipment by 1.66%, which pushed the index by 0.07 points, textiles by 8.20%, which increased the index by 0.02 points, motor vehicles, trailers and semi-trailers by 1.54%, which pushed the index by 0.02 points, tobacco products by 1.37%, which increased the index by 0.02 points, and clothing by 0.30%, which increased the index by 0.01 points.

And some industries recorded a decrease in their prices compared to the fourth quarter of 2020, where the prices of chemicals and chemical products decreased by 1.97%, which reduced the index by 0.17 points, and other manufacturing industries by 3.87%, which reduced the index by 0.09 points, and repair and installation of machinery and equipment by 1.65%, bringing the index down by 0.06 points, other non-metallic minerals products by 0.21%, which decreased the index by 0.01 points, paper and paper products by 0.56%, which decreased the index by 0.01 points, and leather and related products by 0.92%. It was noted that the price stability of wood, wood and cork products, except for furniture, basic pharmaceutical products and their preparations and other transport equipment.

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