Qatar Statistics Authority released the Producer Price Index (PPI) for the third quarter of 2010 for industrial sectors which covers Mining, Electricity Energy & Water and Manufacturing.
The Producer Price Index is calculated using the average of 2006 prices as base.
The PPI for the third quarter stood at 109.65 (2006=100) showing a decline of 2.25% when compared to the second quarter. Producer prices for mining dropped by 3.46% compared to second quarter. Mining includes three main products: crude oil, LNG and condensate. While price of natural gas (LNG) increased by 4.50%, condensate and crude oil prices decreased by 7.02%.
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