DOHA: Qatar’s industrial Producer Price Index (PPI) reached 39 points in July this year, showing an increase of 6 per cent when compared to the previous month, according to the Planning and Statistics Authority’s (PSA) monthly report.
PPI covers goods relating to ‘Mining’, with weightage of 72.7 per cent, `Manufacturing’ (26.8 per cent) and ‘Electricity and Water’ (0.5 per cent).
The mining sector showed an increase by 9.1 per cent compared to June, due to the price rise in ‘crude petroleum and natural gas’ by 9.1 per cent. However, the ‘stone, sand and clay’ segment witnessed a price fall of 2.7 per cent.
An increase of 1.1 per cent was recorded in the PPI of the manufacturing sector in July, compared to the previous month’s index. Price rises were seen in ‘refined petroleum products’, ‘rubber and plastics products’ by 3.3 per cent each followed by ‘juices’ by 1.2 per cent, ‘basic chemicals’ by 0.9 percent, and ‘beverages’ by 0.5 per cent.
There were price decreases in ‘basic metals’ by 6.9 per cent, ‘dairy products’ by 2.3 per cent, ‘cement and other non-metallic products’ by 2 per cent, and ‘grain mill and other products’ by 0.3 per cent.
Electricity and water PPI showed a decrease of 0.8 per cent compared to June 2020, resulting from a decline in electricity costs by 1.5 per cent, and water by 0.3 per cent. When compared with the PPI of July last year, PPI for July this year showed a decrease of 0.8 per cent.