DOHA: Qatar’s Producer Price Index (PPI) of Industrial Sector for Q3, 2013 stood at 168.6 showing an increase of 1.4 percent when compared to the PPI of the Q2, 2013.
PPI is an index that tracks price movements from the perspective of the seller in contrast to the Consumer Price Index (CPI) which measures the price change from the consumer perspective.
The monthly PPI, released by the Ministry of development Planning and Statistics (MDPS), noted the “Mining” Group increased by 1.4 percent, primarily due to the overall price increase of 1.4 percent seen in the crude oil and natural gas group.
The increase of 2.4 percent in the PPI for the “Manufacturing” group is mainly explained by increasing prices reported in basic chemicals by 3.6 percent, refined petroleum products by 2.4 percent, and basic metals by 1 percent.
On the other hand, price declined of one percent and 0.6 percent respectively were recorded in the Dairy products and Glass & glass products.
The PPI for “Electricity & Water” showed a decrease of 0.7 percent, resulting from the combined effect of price decrease of 1.2 percent, seen in electricity and a price rise of 0.1 percent in water.
The year-on-year comparison in PPI of Q3 2013 over PPI of Q3 2012 shows a rise of 1.6 percent.
The “Mining” group PPI increased by 1.4 percent, primarily due to the overall price rise seen in crude oil and natural gas group by 1.4 percent. The “Manufacturing” group PPI showed an increase of 3.1 percent in Q3, 2013, when compared to the PPI of Q3, 2012. While increases were noticed in basic chemicals, refined petroleum products, and glass & glass products by 5.6 percent, 4.4 percent, and 0.1 percent respectively; price declines were seen in: Basic metals by 8.8 percent, dairy products by 1.7 percent, grain mill products by 0.9 percent and Beverages by 0.4 percent.
The PPI for “Electricity & Water”, showed an increase of 2.7 percent.
The Peninsula
