Producer Price Index down 1.97% in March
MONTHLY Producer Price Index (PPI) of the Industrial sector of the Qatar for April 2023 is estimated at 119.55 points showing a decrease of 1.97%, when compared to the previous month’s March 2023. On [Y-o-Y] basis, PPI of April 2023 showed a decrease of 23.38%, when compared to the PPI of April 2022.
monthly rate of change from April 2022 to April 2023, also table includes the PPI of April 2023 with monthly and yearly comparisons.
Mining and Quarrying
The PPI of April 2023 for this sector showed a decrease by 1.80% when compared with PPI of March 2023, primarily due to the price decrease on “Crude petroleum and natural gas” by 1.81%, while no change noticed in “Other mining and quarrying”.
PPI of Mining of April 2023, when compared with its counterpart in previous year (April 2022), there was a decrease of 22.98%, due to the price decrease on “Crude petroleum and natural gas” by 23.01%, followed “Other mining and quarrying” by 3.78%. Graph (2) showed the monthly movement of “Mining an and Quarrying” index from April 2022 to April 2023, and
Manufacturing
A decrease of 2.99% has been recorded in April 2023, when compared with the previous month’s Manufacturing index (March 2023). The prices decrease is seen in: “Refined petroleum products” by 5.48%, followed “Chemicals and chemical products” by 3.90%, “Food products” by 0.36%.
The increasing prices are noticed in “Basic metals” by 1.22%, “Rubber and plastics products” by 1.21%, “Cement & other non-metallic mineral products” by 0.55%, and “Beverages” by 0.43%. and no change noticed in “Printing and reproduction of recorded media” in April 2023.
Comparing with the index of counterpart in the previous year (April 2022), “Manufacturing” PPI of April 2023 showed a decrease of 27.90%.
The major groups which explain this price decrease are: “chemicals and chemical products” by 35.09%, followed by “Refined Petroleum products” by 26.51%, and “Basic metals” by 16.38%.
However, the increasing prices are noticed in: “Rubber and Plastics products” by 8.08%, “Food products” by 5.93%, “Printing and reproduction of recorded media” by 1.40%, followed by “Beverages” by 1.01%, and “Cement & other non-metallic mineral products” by 0.14%.
Electricity
The PPI of this group showed a decrease of 3.60% compared to March 2023. When compared the PPI of April 2023, to the PPI of April 2022 showed an increase of 7.40%. Graph shows the index of “Electricity, gas, steam and air conditioning supply” from April 2022 to April 2023.
Water supply: The PPI of this group showed an increase of 5.41% compared to March 2023. When compared the PPI of April 2023, to the PPI of April 2022 [Y-o-Y], showed an increase of 13.67%.