Doha: The overall monthly Producer Price Index (PPI) of Qatar’s industrial sector for October 2021 was estimated at 89.4 points, showing an increase of 102.3 percent when compared to the PPI of the corresponding month last year (October 2020). When compared on month-on-month (M-o-M) basis, the PPI of October 2021 showed an increase of 13.5 percent against PPI of the previous month (September 2021), official data released by the Planning and Statistics Authority (PSA) showed.
The “Mining” sector PPI registered an increase of 16.3 percent when compared with the PPI of September 2021, primarily due to the price increase of “Crude petroleum and natural gas” by 16.3 percent, and 0.9 percent in “Stone, Sand and Clay”. The PPI of October 2021, when compared with its counterpart in previous year (October 2020), there was an increase of 122.2 percent.
In the “Manufacturing” sector index, an increase of 7.9 percent has been recorded in October 2021, when compared with the previous month’s Manufacturing index (September 2021). The prices increase were seen in: “Refined Petroleum products” by 9.2 percent, followed by “Basic Chemicals” by 7.7 percent, “Basic Metals” by 2.9 percent, “Rubber and Plastics products” by 2.6 percent, “Cement and Other non-metallic products” by 2.1 percent, and “Grain mill and Other products” by 0.9 percent. However, the decreasing prices were noticed in “Beverages” by 1.6 percent, “Dairy products” by 0.6 percent, and “Other chemical products and fibers” by 0.4 percent. No changes were noticed in “Juices”, and “Paper and Paper products”.
When compared with the previous year’s (October 2020) index, “Manufacturing” PPI of October 2021 showed an increase of 70.0 percent. The major groups which explain this price increase were: “Basic chemicals” by 110.9 percent, followed by “Refined Petroleum products” by 73.0 percent, “Basic Metals” by 35.1 percent, “Rubber and Plastics products” by 13.3 percent, “Paper and Paper Products” by 11.4 percent, “Other chemical products and fibers” by 6.2 percent, “Cement and Other non-metallic products” by 0.7 percent, and “Grain mill and Other products” by 0.6 percent.
However, prices decreased in “Juices” by 1.2 percent, and “Beverages” by 1.1 percent. No change was noticed in “Dairy products”.
The PPI of Electricity and Water group showed an increase of 3.5 percent compared to September 2021, resulting from prices rise in “Water” by 4.6 percent, and in “Electricity” by 2.4 percent. When compared the PPI of October 2021, to the PPI of October 2020 year-on-year (Y-o-Y), showed an increase of 8.0 percent, affected by prices rise in “Water” by 13.6 percent, and in “Electricity” by 2.6 percent.
