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Ministry of Development Planning and Statistics (MDPS) have released the Monthly Producer Price Index (PPI) of the Industrial sector for April 2015. This is the first monthly PPI release of the new producer price index series calculated with the base year 2013. Producer price index covers goods relating to “Mining” (weight: 72.7%), “Electricity & Water” (weight: 0.5%) and “Manufacturing” (weight: 26.8%). Four new sub-groups have been added to the “Manufacturing” group of this new series. These are: “Juices”, “Pulp & paper products”, “Other chemical products”, and “Rubber & plastic products”.
Compared with March 2015, PPI the “Mining” group PPI of April, 2015 show a decline of 3.1%, primarily due to the falling prices recorded in “Crude petroleum and natural gas”. PPI of April, 2015, when compared with its counterpart in the previous year, there was a significant decline by 41.5%. Figure (1) shows the movement of “Mining” index during April 2014 and April 2015.
For the “Manufacturing” group PPI, there has been a decrease by 1.7% in April, 2015, when compared with the previous month’s index of this year. The decreasing prices show up in “Basic chemicals” by 7.6%, “Basic metals” by 3.6%, “Beverages” by 0.5%, “Grain mill and other products” by 0.4%, “Rubber and plastics products” by 0.2%, and “Other chemical products” by 0.1%. Price increases are noticed in: “Refined Petroleum Products” by 0.9%, “Dairy products” and “Cement and other non-metallic products” by 0.6%.each
Comparing with the counterpart in the previous year (April 2014), “Manufacturing” PPI of April, 2015 shows a decline of 26.8%. The major groups which explain this price fall are “Refined Petroleum Products” by 32.6%, “Basic chemicals” by 21.3%, "Basic Metals” by 14.1%, “Grain mill and other products” by 1.1%. However, prices rises are noticed in: “Dairy products” by 8.0%, “Cement and other non-metallic products” by 6.2%, “Beverages” by 5.3% and “Juices” by 4.2%. Figure (2) shows the graphical presentation of “Manufacturing” index during April, 2014-2015. The PPI of “Electricity and water” shows a decrease of 0.4% compared to March 2015, resulting from the price fall seen in Electricity by 0.6%. Water prices remain unchanged. The PPI of April, 2015, when compared to the PPI of April, 2014, shows a decrease [Y-o-Y] by 2.1%, resulting from the combined effect of price rise seen in Electricity by 1.8%, and Water by 2.5%.
Based on the changes that have been recorded in the three major groups namely: “Mining (which includes crude and natural gas oil)”, “Manufacturing”, and “Electricity and water”, the PPI for April, 2015 is estimated at 62.2, showing a decrease of 2.7% from the previous month (March 2015)’s index 'and a decrease of 37.4% from the PPI of corresponding month in the previous year (April 2014).
More details on monthly/annual comparison of indices are available in Table (1) and figures (3) and (4) of the Press Release. Further detailed data and indices would be available on the Ministry’s website, www.mdps.gov.qa and Qatar Information Exchange, www.qalm.gov.qa