Israel - Wholesale Price Index

Israel: Wholesale Price Index

Mnemonic	WPI.IISR
Unit	Index 2020=100, NSA
Adjustments	Not Seasonally Adjusted
	Monthly	1.16 %
Data	Feb 2023	122.1
	Jan 2023	120.7

Series Information

Source	Central Bureau of Statistics - Israel
Release	Index of wholesale prices of manufacturing output for the domestic market [WPI]
Frequency	Monthly
Start Date	1/31/1968
End Date	2/28/2023

Israel: Price

	Reference	Last	Previous	Units	Frequency
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

Release Information

Description

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.

Properties

Active:

Classification: Standard Industrial Classification of All Economic Activities – 1993
Measurement: Fixed-base index relative to 2020 (Index 2020=100)
Adjustment: Not seasonally adjusted (NSA)
Native frequency: Monthly
Start date: Uniformly 2021m1

Predecessors:

2010=100 - 1983 (headline) or 2013 to 2021m1
2005=100 - As early as 1995 to 2013m1
1994=100 - 1995 to 2005

Methodology

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.).

Moody's Analytics supplements

We extend the manufacturing index. We produce a seasonally adjusted counterpart using X-13ARIMA-SEATS.