The Statistical Office publishes monthly PPI on changes in producer prices on year-on-year (e.g., September 2021 to September 2022) and month-on-month (e.g., August 2022 to September 2022) basis.
The Producer Price Index (PPI) measures average changes in prices over time for goods and services produced in Somalia. The prices measured by PPI are known as the factory gate prices, which is the price that firms assign to their products, excluding taxes, transportation, and other costs added on by third parties.
PPI is primarily used to adjust GDP for price changes in cases where changes in GDP are driven by producer price changes rather than production. Businesses utilize PPI to inform the adjustment of prices, while contractors use the information on price changes to guide costing and budgeting.