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Doha: The overall monthly Producer Price Index (PPI) of Qatar’s industrial sector for July 2021 was estimated at 76.0 points, showing an increase of 94.9 percent when compared to the PPI of the corresponding month last year (July 2020).
When compared on month-on-month (M-o-M) basis, the PPI of July 2021 showed an increase of 6.6 percent against PPI of the previous month (June 2021), official data released by the Planning and Statistics Authority (PSA) showed.
The Mining sector PPI registered an increase of 6.9 percent when compared with the PPI of June 2021, primarily due to the price increase of “Crude petroleum and natural gas” by 7.0 percent, while no change was noticed in “Stone, Sand and Clay”. PPI of July 2021, when compared with its counterpart in previous year (July 2020), there was an increase of 115.1 percent.
In the Manufacturing sector index, an increase of 6.0 percent was recorded in July 2021, when compared with the previous month’s Manufacturing index (June 2021). The prices increase were seen in: “Refined Petroleum products” by 7.2 percent, followed by “Basic Metals” by 6.2 percent, “Basic Chemicals” by 4.3 percent, “Paper and Paper products” by 1.1 percent, “Rubber and Plastics products” by 0.7 percent, and “Grain mill and Other products” by 0.1 percent.
However, the decreasing prices were noticed in “Cement and Other non-metallic products” by 1.4 percent, “Dairy products” by 2.9 percent, and “Beverages” by 0.2 percent. No changes were noticed in “Juices” and “Other chemical products and fibres”.
When compared with the previous year’s (July 2020) index, the Manufacturing PPI of July 2021 showed an increase of 66.1 percent. The major groups which explain this price increase were: “Basic chemicals” by 94.8 percent, followed by “Refined Petroleum products” by 68.7 percent, “Basic Metals” by 51.8 percent, “Paper and Paper Products” by 16.6 percent, “Rubber and Plastics products” by 8.6 percent, “Other chemical products and fibers” by 1.8 percent, and “Juices” by 0.8 percent.
However, prices decreased in “Cement and Other non-metallic products” by 6.1 percent, followed by “Grain mill and Other products” by 1.3 percent, “Beverages” by 0.4 percent, and “Dairy products” by 0.2 percent.
The PPI of Electricity and Water group showed a decrease of 0.9 percent compared to June 2021, resulting from prices fall in “Water” by 1.5 percent, and in “Electricity” by 0.4 percent. When compared the PPI of July 2021, to the PPI of July 2020 (Y-o-Y), showed an increase of 10.7 percent, affected by prices rise in “Water” by 11.9 percent, and in “Electricity” by 9.4 percent.
