Doha, Qatar: The PPI for June 2023 is estimated at 108.86 points showing a decrease of 3.24%, when compared to the previous month’s May 2023. On year on year [Y-o-Y] basis, PPI of June 2023 showed a decrease of 31.33%, when compared to the PPI of June 2022 according to figures released by Planning and Statistics Authority (PSA).
PSA has released the new Monthly Producer Price Index (PPI) of the Industrial sector for June 2023, which calculated based on 2018 where the details of relative importance and prices for the base year of 2018 are used, Therefor the relatives of the main four industry sectors become as follow: “Mining” (weight: 82.46%), “Manufacturing” (weight: 15.85%), “Electricity” (weight: 1.16%), and “Water” (weight: 0.53%).
The PPI of Mining and Quarrying in June 2023 showed a decrease by 3.05% when compared with PPI of May 2023, primarily due to the price decrease on “Crude petroleum and natural gas” by 3.05%, while no change noticed in “Other mining and quarrying”.
PPI of Mining of June 2023, when compared with its counterpart in previous year (June 2022), there was a decrease of 31.42%, due to the price decrease on “Crude petroleum and natural gas” by 31.46%, followed “Other mining and quarrying” by 0.28%.
In case of Manufacturing sector a decrease of 4.43% has been recorded in June 2023, when compared with the previous month’s Manufacturing index (May 2023). The prices decrease is seen in: “Chemicals and chemical products” by 5.34%, followed by “Refined petroleum products” by 4.58%, “Basic metals” by 4.22%, “Rubber and plastics products” by 3.92%, “Cement & other non-metallic mineral products” by 1.02%, and “Beverages” by 0.16%.
The increasing prices are noticed in “Food products” by 0.18%. No change noticed in “Printing and reproduction of recorded media” in June 2023.
Compared with the index of counterpart in the previous year (June 2022), “Manufacturing” PPI of June 2023 showed a decrease of 33.54%. The major groups which explain this price decrease are: “chemicals and chemical products” by 41.13%, followed by “Refined Petroleum products” by 33.15%, “Basic metals” by 23.54%, “Cement & other non-metallic mineral products” by 1.26%.
“Printing and reproduction of recorded media” by 0.84%, and “Rubber and Plastics products” by 0.29%. However, the increasing prices are noticed in “Food products” by 4.11%, and “Beverages” by 1.62%. Graph (4) shows the index of “Manufacturing” from June 2022 to June 2023.
