DOHA: Local producers of items such as juices and dairy products as well as cement and grain processors got more prices for their products last year as compared to 2014. But the prices received for crude oil and natural gas and refined petroleum products produced in the country in 2015 fell considerably in a year.
It is interesting to note that due to the rise in electricity tariff, its producers got 5.7 percent more price in December 2015 as compared to November the same year.
But the yearly increase in the price of electricity (between 2014 and 2015) was slightly lower at 3.7 percent. On the contrary, water prices received by the producers fell.
Producer Price Index (PPI) data for Mining released by the Ministry of Development Planning and Statistics for December 2015 show a drop of 43.3 percent in a year (as compared to December 2014).
The fall is attributed to the decrease in the prices of crude petroleum and natural gas, the ministry said in a report.The base year for the PPI for the Industrial Sector is 2013. PPI measures average changes in selling prices domestic producers get for their output over time.
In other words, PPI measures price change in respect of goods and services from the perspective of the seller. The Consumer Price Index, on the other hand, measures inflation from the consumer’s viewpoint and the goods and services include locally produced as well as those that are imported. The PPI for the Industrial Sector has three segments in its basket and they are, namely, Mining (read: Crude and natural gas), Manufacturing (refined petroleum products, beverages, dairy products, cement, steel, etc.) and Electricity and Water.
The PPI basket has a huge weight of 72.7 percent of the Mining Sector. Manufacturing has a share of 26.8 percent in it while Electricity and Water has a nominal representation of 0.5 percent.
The PPI in December 2015 for Mining fell by 8.3 percent in a month “primarily due to decrease in prices of crude petroleum and natural gas”.
The PPI for manufacturing last December fell by 4.3 percent in a month while the yearly drop was 24.7 percent. The Peninsula
DOHA: Local producers of items such as juices and dairy products as well as cement and grain processors got more prices for their products last year as compared to 2014. But the prices received for crude oil and natural gas and refined petroleum products produced in the country in 2015 fell considerably in a year.
It is interesting to note that due to the rise in electricity tariff, its producers got 5.7 percent more price in December 2015 as compared to November the same year.
But the yearly increase in the price of electricity (between 2014 and 2015) was slightly lower at 3.7 percent. On the contrary, water prices received by the producers fell.
Producer Price Index (PPI) data for Mining released by the Ministry of Development Planning and Statistics for December 2015 show a drop of 43.3 percent in a year (as compared to December 2014).
The fall is attributed to the decrease in the prices of crude petroleum and natural gas, the ministry said in a report.The base year for the PPI for the Industrial Sector is 2013. PPI measures average changes in selling prices domestic producers get for their output over time.
In other words, PPI measures price change in respect of goods and services from the perspective of the seller. The Consumer Price Index, on the other hand, measures inflation from the consumer’s viewpoint and the goods and services include locally produced as well as those that are imported. The PPI for the Industrial Sector has three segments in its basket and they are, namely, Mining (read: Crude and natural gas), Manufacturing (refined petroleum products, beverages, dairy products, cement, steel, etc.) and Electricity and Water.
The PPI basket has a huge weight of 72.7 percent of the Mining Sector. Manufacturing has a share of 26.8 percent in it while Electricity and Water has a nominal representation of 0.5 percent.
The PPI in December 2015 for Mining fell by 8.3 percent in a month “primarily due to decrease in prices of crude petroleum and natural gas”.
The PPI for manufacturing last December fell by 4.3 percent in a month while the yearly drop was 24.7 percent. The Peninsula
