Posted on May 27, 2015

Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for March 2015 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 March, 2015 stands at 102.7 which shows a decrease of 5.2% over the PPI of February2015; and 41.4%decrease (year-on-year) when compared to the PPI of March 2014.

Compared with February 2015, the breakdown of the overall PPI for March, 2015 by main groups shows a decline of 5.2%. In the “Mining” group (with a weight of 77%), the fall is primarily noticed in “Crude petroleum and natural gas” by 5.8%. “Manufacturing” group PPI (with a weight of 21%)shows a fall of 3.2%.The decreasing prices shows up in Refined Petroleum products” by 7.7%, “Basic Metal” by 3.1%, “Cement and other non-metallic products” by 1.1%, “Grain mill and other products” by 0.2% and “Dairy products” by 0.1%Increases are noticed in “Beverages”by0.7%, and in “Basic chemicals” by 7.5%.

The PPI of “Electricity and water” group (with 2.0% weightage) shows a decrease of 1.7%, resulting from the effect of price decline seen in Electricity by 1.1% and Water by 2.6%. The overall PPI of March, 2015, compared to the PPI of March, 2014, has decreased (year-on year) by 41.4%. The “Mining” group PPI shows a drop by44.5%, mainly by a price decline of similar order in the “Crude petroleum and Natural Gas”.

The “Manufacturing” group PPI shows a decline of 29.8% in March 2015, when compared to the PPI of March, 2014. The major groups which explain this price fall are “Refined Petroleum Products” by 35.4%,“Basic chemicals” by 28.2%, "Basic Metals” by 16.9% and “Grain mill and other products” by 1.3%. However, prices rises are noticed in:“Dairy products” by 5.7%, “Beverages” by 2.2%, “Cement and other non-metallic products” by 4.6%. The PPI for “Electricity & Water” shows a decrease of 0.7%, resulting from the combined effect of price rise seen in Electricity by 0.3%, and a price fall in Water by 2.2%.

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 Qatar Information Exchange,www.qalm.gov.qa

Monthly Producer Price Index of 1 [qatarisbooming.com].jpg

Monthly Producer Price Index of 2 [qatarisbooming.com].jpg

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