Page Content
Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for December 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 December, 2014 stands at 125.4, which shows a decrease of 10.6% over the PPI of November 2014; and 28.9% (year-on-year) when compared to the PPI of December 2013.
Compared with November 2014, the breakdown of the overall PPI for December, 2014 by main groups show a decline of 11.0% 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 10.0%.The decreasing prices shows up in “Basic Chemicals” by 15.7%, “Refined Petroleum products” by 9.2%, “Basic metals” by 5.9%, “Grain mill and other products” by 0.8%. And an increase is noticed in “Dairy products” by 1.1%, and “Cement and other non-metallic products” by 0.6%.The PPI of “Electricity and water” group (with 2.0% weightage) shows an increase of 0.8%, resulting from the effect of price rise seen in Water by 2.6% and a decrease in Electricity by 0.4%.The overall PPI of December, 2014, compared to the PPI of December, 2013, has decreased (year-on year) by 28.8%. The “Mining” group PPI shows a dropped by 29.1%. The “Manufacturing” group PPI shows a decline of 29.3% in December, 2014, when compared to the PPI of December, 2013. The major groups which explain this price fall are “Refined Petroleum Products” by 35.6%, “Basic chemicals” by 26.0%, "Basic Metals” by 8.3%, “Beverages” by 2.1%, “Grain mill and other products” by 0.6%. However, prices rise are noticed in “Cement and other non-metallic products” by 1.8% and “Dairy products” by 6.9%. The PPI for “Electricity & Water” shows a decrease of 4.9%, resulting from the effect of price fall seen in Electricity & Water by 7.0%,1.2% respectively. Further details on monthly/annual comparison of indices are available in Table (1) and figures (1) and (2) of the Press Release, for more details, click here.
and more detailed data and indexes are available on the Ministry’s website: www.mdps.gov.qa and QALM: www.gix.gov.qa