Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for August 2014 which covers Mining, Electricity & Water and Manufacturing activities. This indicator is a measure of the average selling prices received by domestic producers for their output. The PPI for August, 2014 stands at 163.9, which shows a decrease of 2.0% over the PPI of July 2014; and 7.5% (year-on-year) when compared to the PPI of August 2013.
Compared with July 2014, the breakdown of the overall PPI for August, 2014 by main groups show a decline of 1.8% in “Mining” group (with a weight of 77%),the decreasing price shows up in Crude petroleum and natural gas by same percentage. “Manufacturing” group PPI (with a weight of 21%)shows a fall of 3.0%.The decreasing prices shows up in Refined Petroleum products by 4.2%, Basic Chemicals by 1.6%, Dairy products by 1.5%, Basic metals by 1.3%.“Grain mill and other products”, by 0.4%,and “Cement and other “non-metallic products”groups are decreased by the same percentage 0.4%.An increase is noticed in “Beverages” group by 1.0%.
The PPI of “Electricity and water” group (with 2.0% weightage) shows a decline of 3.3%%, resulting from the effect of price fall seen in Electricity by 4.9% and Water by 0.6%.
The overall PPI of August, 2014, compared to the PPI of August, 2013, has decreased (year-on year) by 7.5%. The “Mining” group PPI shows a dropped by 7.7%, primarily due to the price decrease seen in “Crude petroleum and natural gas” by the same percentage. The “Manufacturing” group PPI shows a decline of 7.1% in August, 2014, when compared to the PPI of August, 2013. The major groups which explain this price fall are “Refined Petroleum Products” by 9.8%, “Basic Metals” by 4.3%,“Basic chemicals” by 2.9%,“Beverages” by 1.3% and “Grain mill and other products” by 0.8%.However, prices rise are noticed in “Dairy products” by 2.2%,and “Cement and other non-metallic products” by 0.1%.
The PPI for “Electricity & Water” shows a decrease of 3.0%, resulting from the effect of price fall seen in Water by 5.0%and Electricity by 1.8%. Further details on monthly/annual comparison of indices are available in Table (1) and figures (1) and (2) of the Press Release, and more detailed data and indexes are available on the Ministry’s website: www.mdps.gov.qa and QALM: www.gix.gov.qa.
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