DOHA: Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for May 2018. Producer price index covers goods relating to “Mining” (weight: 72.7 percent), “Manufacturing” (weight: 26.8 percent), and “Electricity & Water” (weight: 0.5 percent).
With regard to Mining, the PPI of May 2018 showed an increase of 0.5 percent when compared with PPI of April 2017, primarily due to the increase of prices of “Crude petroleum and natural gas” with 0.5 percent. PPI of May recorded a considerable increase of 31.1 percent.
Meanwhile, in Manufacturing, a decrease of 0.1 percent has been recorded in May, 2018, when compared with the previous month’s Manufacturing index (April,2018).
The prices decrease are seen in: “Basic Metals” by 2.2 percent, “Other chemical products and fibers” by 1.7 percent, “ Cement and Other non-metallic products” by 1.1 percent,
“Dairy products” and “Paper and Paper Products” by 1.0 percent for each, “Basic Chemicals” by 0.8 percent, “Beverages” by 0.6 percent, and “Grain mill and Other products” by 0.1 percent.
The Overall PPI for May is estimated at 67.7 points showing an increase by 0.1 percent, when compared to the previous month. On Y-o-Y basis the index showed a rise of 25.1 percent.
