Posted on December 28, 2014

Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for October 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 October, 2014 stands at 148.2, which shows a decrease of 6.4% over the PPI of September 2014; and 13.3% (year-on-year) when compared to the PPI of October 2013.

Compared with September 2014 index, the overall PPI decline of 6.4% in October, 2014, is explained as under:

“Mining” group (with a weight of 77%), registers a decline of 7.6%, mainly due to decrease in prices of Crude petroleum and Natural gas by 7.7%.b“Manufacturing” group PPI (with a weight of 21%) shows a fall of 1.7%. This fall is the combined result of price falls seen in “Refined Petroleum products” by 3.3%, “Grain mill and other products”, by 1.3%, “Basic metals” by 0.6% and “Beverages” group by 0.2%; and price increases noticed in “Basic Chemicals” by 1.3%, and “Cement and other “non-metallic products” groups by 0.6%.

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The PPI of “Electricity and water” group (with 2.0% weightage) shows an increase of 0.8%, resulting from price rises seen in Electricity and Water by 0.4% and 1.5%, respectively. The overall PPI of October, 2014, compared to the PPI of October, 2013, has decreased (year-on year) by 13.3%. The “Mining” group PPI leads this drop, where Crude petroleum and Natural gas prices tumble by 15.4%.

The “Manufacturing” group PPI shows a decline of 4.5% in October, 2014, when compared to the PPI of October, 2013. The major products where price fall is seen include “Refined Petroleum Products”, slumping by 7.9% and “Beverages”, down by 2.9%. However, price rises are noticed in “Dairy products” by 5.2%, “Cement and other non-metallic products” by 2.6%, "Basic Metals” by 1.2%, “Basic chemicals” by 0.1%, and “Grain mill and other products” by 0.5%.

The PPI for “Electricity & Water” shows a decrease of 2.3%, resulting from the price falls seen in Electricity by 2.6% and Water by 1.8%.

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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