Doha: The overall monthly Producer Price Index (PPI) of Qatar’s industrial sector for December 2021 was estimated at 92.7 points, showing an increase of 82.8 percent when compared to the PPI of the corresponding month the previous year (December 2020).
When compared on month-on-month (M-o-M) basis, the PPI of December 2021showed a decrease of 1.3 percent against PPI of the previous month (November 2021), official data released by the Planning and Statistics Authority (PSA) showed.
The “Mining” sector PPI registered a decrease of 2.3 percent when compared with the PPI of November 2021, primarily due to the price decrease of “Crude petroleum and natural gas” by 2.3 percent, while “Stone, Sand and Clay” increased by 1.1 percent.
The PPI of December 2021, when compared with its counterpart in previous year (December 2020), there was an increase of 90.8 percent.
In the “Manufacturing” sector index, an increase of 0.6 percent has been recorded in December 2021, when compared with the previous month’s Manufacturing index (November 2021). The prices increase were seen in: “Basic Chemicals” by 8.4 percent, followed by “Basic Metals” by 2.0 percent, “Dairy products” by 1.0 percent. “Juices” by 0.2 percent, and “Grain mill and Other products” by 0.1 percent.
However, the decreasing prices were noticed in “Refined Petroleum products” by 2.7 percent, “Rubber and Plastics products” by 1.2 percent, and “Cement and Other non-metallic products” by 0.4 percent. No changes were noticed in “Beverages”, “Paper and Paper products”, and “Other chemical products and fibers”.
When compared with the previous year’s (December 2020) index, “Manufacturing” PPI of December 2021 showed an increase of 69.8 percent. The major groups which explain this price increase were: “Basic chemicals” by 131.8 percent, followed by “Refined Petroleum products” by 62.3 percent, “Basic Metals” by 45.1 percent, “Rubber and Plastics products” by 11.3 percent, “Paper and Paper Products” by 8.9 percent, “Cement and Other non-metallic products” by 2.9 percent, “Grain mill and Other products” by 1.1 percent, and “Dairy products” by 0.6 percent. However, prices decreased in “Other chemical products and fibres” by 2.9 percent, “Juices” by 1.0 percent, and “Beverages” by 1.3 percent.
The PPI of Electricity and Water group showed an increase of 7.9 percent compared to November 2021, resulting from prices rise in “Electricity” by 14.8 percent, and “Water” by 1.0 percent.
When compared the PPI of December 2021, to the PPI of December 2020 (Y-o-Y), showed an increase of 5.6 percent, affected by prices rise in “Water” by 17.7 percent, while a decrease in “Electricity” by 3.0 percent.
