Doha: The overall monthly Producer Price Index (PPI) of Qatar’s industrial sector for August 2021 was estimated at 75.5 points, showing an increase of 84.6 percent when compared to the PPI of the corresponding month last year (August 2020). When compared on month-on-month (M-o-M) basis, the PPI of August 2021 showed a decrease of 0.7 percent against PPI of the previous month (July 2021), official data released by the Planning and Statistics Authority (PSA) showed.
The “Mining” sector PPI registered a decrease by 0.4 percent when compared with the PPI of July 2021, primarily due to the price decrease of “Crude petroleum and natural gas” by 0.4 percent and 2.6 percent in “Stone, Sand and Clay”. The PPI of August 2021, when compared with its counterpart in previous year (August 2020), there was an increase of 100.0 percent.
In the “Manufacturing” sector index, a decrease of 0.9 percent has been recorded in August 2021, when compared with the previous month’s Manufacturing index (July 2021). The prices decrease were seen in: “Refined Petroleum products” by 1.4 percent, followed by “Paper and Paper products” by 1.1 percent, and “Basic Chemicals” by 0.2 percent.
However, the increasing prices were noticed in “Rubber and Plastics products” by 1.9 percent, “Beverages”, and “Basic Metals” by 0.4 percent each, “Dairy products” by 0.3 percent, and “Cement and Other non-metallic products” by 0.2 percent. No changes were noticed in “Juices”, “Grain mill and Other products”, and “Other chemical products and fibers”.
When compared with the previous year’s (August 2020) index, the “Manufacturing” PPI of August 2021 showed an increase of 61.2 percent. The major groups which explain this price increase were: “Basic chemicals” by 89.7 percent, followed by “Refined Petroleum products” by 62.3 percent, “Basic Metals” by 50.0 percent, “Paper and Paper Products” by 13.0 percent, “Rubber and Plastics products” by 9.3 percent, “Other chemical products and fibers” by 3.6 percent, “Juices” by 3.2 percent, “Dairy products” by 0.9 percent, and “Beverages” by 0.1 percent.
However, prices decreased in “Cement and Other non-metallic products” by 4.0 percent, and “Grain mill and Other products” by 0.9 percent.
