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Tribune News Network
Doha
Producer Price Index (PPI) in Qatar for May rose 7.5 percent month-on-month. In the 12 months until May, the PPI showed a sharp decline of 92.1 percent, according to the Planning and Statistics Authority.
PPI, which measures either the average change in the price of goods as they leave the place of production or as they enter the production process, covers goods related to a range of products produced domestically.
The PPI for mining, which carries a maximum weightage of 72.7 percent, saw an increase of 8.8 percent in May month-on-month and a jump of 117.2 percent year-on-year. The PSA report attributed the surge to increase in producer prices of crude petroleum and natural gas.
The manufacturing sector, which has a weightage of 26.8 percent in the index, rose 5.2 percent in May month-on-month, mostly on the back of rise in prices of seven groups — basic chemicals by 8.6 percent, rubber and plastics products by 5.4 percent, refined petroleum products by 4.6 percent, paper and paper products by 4.5 percent, basic metals by 3.6 percent, juices by 1.2 percent, dairy products by 0.6 percent.
However, the sector saw prices decline in three groups — cement and other non-metallic products by 1.1 percent, beverages by 0.7 percent, grain mill and other products by 0.2 percent. No change was noticed in other chemical products and fibre.
On a year-on-year comparison, the manufacturing PPI of May jumped 58.9 percent. The major groups that drove the prices up included refined petroleum products by 74.6 percent, basic chemicals by 66.8 percent, basic metals by 26.8 percent, paper and paper products by 15.3 percent, rubber and plastics products by 8.5 percent, juices by 3.7 percent and dairy products by 0.4 percent.
However, prices fell in cement and other nonmetallic products by 8.1 percent, beverages by 1.1 percent,
grain mill and other products by 0.7 percent, other chemical products and fibre by 0.4 percent.
The PPI for electricity and water, which constitutes 0.5 percent of the index, showed a decrease of 5.1 percent compared to April 2021, resulting from fall in prices in electricity group by 7.9 percent and water by 2.2 percent. There was an increase of 7 percent on annual basis, due to increases in water by 17.2 percent, that was offset by a 1.3 percent decline in electricity.
Doha
Producer Price Index (PPI) in Qatar for May rose 7.5 percent month-on-month. In the 12 months until May, the PPI showed a sharp decline of 92.1 percent, according to the Planning and Statistics Authority.
PPI, which measures either the average change in the price of goods as they leave the place of production or as they enter the production process, covers goods related to a range of products produced domestically.
The PPI for mining, which carries a maximum weightage of 72.7 percent, saw an increase of 8.8 percent in May month-on-month and a jump of 117.2 percent year-on-year. The PSA report attributed the surge to increase in producer prices of crude petroleum and natural gas.
The manufacturing sector, which has a weightage of 26.8 percent in the index, rose 5.2 percent in May month-on-month, mostly on the back of rise in prices of seven groups — basic chemicals by 8.6 percent, rubber and plastics products by 5.4 percent, refined petroleum products by 4.6 percent, paper and paper products by 4.5 percent, basic metals by 3.6 percent, juices by 1.2 percent, dairy products by 0.6 percent.
However, the sector saw prices decline in three groups — cement and other non-metallic products by 1.1 percent, beverages by 0.7 percent, grain mill and other products by 0.2 percent. No change was noticed in other chemical products and fibre.
On a year-on-year comparison, the manufacturing PPI of May jumped 58.9 percent. The major groups that drove the prices up included refined petroleum products by 74.6 percent, basic chemicals by 66.8 percent, basic metals by 26.8 percent, paper and paper products by 15.3 percent, rubber and plastics products by 8.5 percent, juices by 3.7 percent and dairy products by 0.4 percent.
However, prices fell in cement and other nonmetallic products by 8.1 percent, beverages by 1.1 percent,
grain mill and other products by 0.7 percent, other chemical products and fibre by 0.4 percent.
The PPI for electricity and water, which constitutes 0.5 percent of the index, showed a decrease of 5.1 percent compared to April 2021, resulting from fall in prices in electricity group by 7.9 percent and water by 2.2 percent. There was an increase of 7 percent on annual basis, due to increases in water by 17.2 percent, that was offset by a 1.3 percent decline in electricity.
