Doha, – Qatar’s Producer Price Index (PPI) for September 2023 recorded 119.66 points, an increase of 5.42% when compared to the PPI of previous month (August 2023). On Y-o-Y basis, the PPI of September 2023 showed a decrease of 27.04% when compared to the PPI of September 2022.<\/p>\n<\/p>\n
The PPI include four main industry sectors: Mining (weight: 82.46%), Manufacturing (weight: 15.85%), Electricity (weight: 1.15%), and Water (weight: 0.52%).<\/p>\n<\/p>\n
According to data issued Thursday by the Planning and Statistics Authority (PSA), the PPI of September 2023 for the Mining and Quarrying showed an increase of 5.55% when compared with PPI of August 2023, primarily due to the price increase on “Crude Petroleum and Natural Gas” by 5.55%, while no change noticed in “Other Mining and Quarrying”.<\/p>\n<\/p>\n
When compared with its counterpart in previous year (September 2022), PPI of Mining of September 2023 showed a decrease of 29.79%, due to the price decrease on “Crude Petroleum and Natural Gas” by 29.82%, with a relatively stability at 0.02% for “Other Mining and Quarrying”.<\/p>\n<\/p>\n
In Manufacturing, an increase of 5.40% has been recorded in September 2023, when compared with the previous months Manufacturing index (August 2023). The prices increase is seen in: “Chemicals and Chemical Products” by 7.20%, “Refined Petroleum Products” by 5.80%, followed by “Food Products” by 4.55%, “Basic Metals” by 4.12%, and “Beverages” by 0.14%. The decreasing prices are noticed in “Rubber and Plastics Products” by 2.98%, and “Cement &amp;amp;amp; Other Non-Metallic Mineral Products” by 0.53%. No change noticed in “Printing and Reproduction of Recorded Media” in September 2023.<\/p>\n<\/p>\n
Comparing with the index of counterpart in the previous year (September 2022), Manufacturing PPI of September 2023 showed a decrease of 10.23%. The major groups which explain this price decrease are: “Basic Metals” by 16.38%, followed by “Chemicals and Chemical Products” by 14.64%, and “Refined Petroleum Products” by 1.48%. However, the increasing prices are noticed in “Food Products” by 7.47%, “Beverages” by 3.41%, “Rubber and Plastics Products” by 2.59%, and “Cement &amp;amp;amp; Other Non-Metallic Mineral Products” by 2.10%. No change noticed in “Printing and Reproduction of Recorded Media”.<\/p>\n<\/p>\n
The PPI the Electricity, Gas, Steam and Air Conditioning Supply group showed an increase of 0.16% compared to August 2023. When compared the PPI of September 2023, to the PPI of September 2022, it showed an increase of 1.17%.<\/p>\n<\/p>\n
With regard to Water supply, the PPI of this group showed a decrease of 1.27% compared to August 2023. When compared the PPI of September 2023, to the PPI of September 2022, it showed an increase of 15.79%.<\/p>\n<\/p>\n<\/p>\n
Source: Qatar News Agency<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"
Doha, – Qatar’s Producer Price Index (PPI) for September 2023 recorded 119.66 points, an increase of 5.42% when compared to the PPI of previous month (August 2023). On Y-o-Y basis, the PPI of September 2023 showed a decrease of 27.04% when compared to…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"yoast_head":"\n