|Unit||Index 2020=100, NSA|
|Adjustments||Not Seasonally Adjusted|
|Source||Central Bureau of Statistics - Israel|
|Release||Index of wholesale prices of manufacturing output for the domestic market [WPI]|
|Wholesale Price Index||Feb 2023||122.1||120.7||Index 2020=100, NSA||Monthly|
|Consumer Price Index (CPI)||Jan 2023||102.7||102.3||Index 2020=100, SA||Monthly|
For Israel, the "index of wholesale prices of manufacturing output for the domestic market" measures the developments in the output prices obtained by industrial manufacturers, for a fixed set of products and services included in industrial output, during the first stage of marketing in Israel. Its main use is deflation of the series of industrial output value compiled at current prices. Some components serve to link producer prices in the manufacturing branches. It is published under the heading "producer price indices" as part of the the "Price Statistics Monthly" suite.
The source writes:
The index population includes all establishments of the manufacturing divisions which include mining and quarrying industries, as defined in the Standard Industrial Classification of All Economic Activities. The diamonds industry is excluded. The index frame includes all industrial products and intermediate products, whether they are sold to other establishments or other branches in the domestic economy. Intermediate products, which serve for further production within the industrial establishment, are not included, since this part of the output is not sold. The index measures about 1,800 types of products and services for the entire country, excluding Judea, Samaria and Gaza area.
The prices collected are the prices received by producers "at factory gate", the prices are net transaction prices (after discount and credit) and include all taxes (also VAT). The collection of prices in each establishment is conducted monthly. Prices are collected between the 20th in the current month and the 5th of the following month. Prices relate to the 20th of each month, exception: for a list of products average prices are collected. This list includes mainly products with few price changes during the month (poultry, meat, etc.) and products with controlled prices (bread, milk, fuel, etc.).
We extend the manufacturing index. We produce a seasonally adjusted counterpart using X-13ARIMA-SEATS.
At the source: