Doha, Qatar: Qatar’s Producer Price Index (PPI) for October 2023 recorded 121.01 points, an increase of 1.13% when compared to the PPI of previous month (September 2023). On Y-o-Y basis, the PPI of October 2023 showed a decrease of 18.27% when compared to the PPI of October 2022.
The PPI include four main industry sectors: Mining, Manufacturing, Electricity, and Water.
According to data issued by the Planning and Statistics Authority (PSA), the PPI of October 2023 for the Mining and Quarrying showed an increase of 1.19% when compared with PPI of September 2023, primarily due to the price increase on “Crude petroleum and natural gas” by 1.19%, while no change noticed in “Other mining and quarrying”.
PPI of Mining of October 2023, when compared with its counterpart in previous year (October 2022), there was a decrease of 20.09%, due to the price decrease on “Crude petroleum and natural gas” by 20.11%, but “Other mining and quarrying” increased by 0.02%.
In Manufacturing, an increase of 0.67% has been recorded in October 2023, when compared with the previous months Manufacturing index (September 2023). The prices increase is seen in: “Basic metals” by 5.83%, followed by “Chemicals and chemical products” by 1.38%, “Rubber and plastics products” by 0.67% “Refined petroleum products” by 0.62%, “Beverages” by 0.26%. The decreasing prices are noticed in “Cement & other non-metallic mineral products” by 9.19%, “Food products” by 0.53%. “Printing and reproduction of recorded media” by 0.16%.
Compared with the index of counterpart in the previous year (October 2022), Manufacturing PPI of October 2023 showed a decrease of 8.87%. The major groups which explain this price decrease are: “chemicals and chemical products” by 13.51%, followed by “Basic metals” by 9.83%, “Cement & other non-metallic mineral products” by 7.29%, “Printing and reproduction of recorded media” by 0.16%.
The PPI of the Electricity, Gas, Steam and Air Conditioning Supply group showed an increase of 7.63% compared to September 2023. When compared the PPI of October 2023, the PPI of October 2022, it showed an increase of 4.97%.
