The Statistical Institute of Jamaica (STATIN) is reporting that producer prices for both the mining and quarrying and manufacturing industries fell in October.
According to the latest Producer Price Index, the mining and quarrying industry recorded a 4.2 per cent decline for the month.
This was mainly driven by a 4.4 per cent drop in the index for bauxite mining and aluminum processing, the major group within the sector.
Producer prices in the manufacturing industry were also down, slipping by 0.2 per cent in October.
STATIN says this was largely due to a 1.6 per cent decrease in the index for refined petroleum products.
That decline was partially offset by a small 0.1 per cent increase in the index for the largest component of the sector food - beverages and tobacco.
Looking at the 12 months between October 2024 and October 2025, producer prices in mining and quarrying plunged by 31.7 per cent, reflecting a 32.9 per cent drop in bauxite mining and aluminum processing.
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