Doha, October 31 (QNA) – The Producer Price Index (PPI) for September ,2022 is estimated at 164.00 points, showing an increase of 44.18%, when compared to the PPI of September, 2021, and a decrease of 2.08%, when compared to the previous months August 2022 on Y-o-Y basis.
The Planning and Statistics Authority (PSA) has released the new Monthly Producer Price Index (PPI) of the Industrial sector for September 2022. The relatives of the main four industry sectors become as follow: “Mining” (weight: 82.46%), “Manufacturing” (weight: 15.85%), “Electricity” (weight: 1.15%), and “Water” (weight: 0.52%).
The PPI of September 2022 for Mining and Quarrying sector showed a decrease by 1.88% when compared with PPI of August 2022, primarily due to the price decrease on “Crude petroleum and natural gas” by 1.89%, while “other mining and quarrying” was stable on this month.
The PPI of Mining of September 2022, when compared with its counterpart in previous year (September 2021), showed an increase of 52.63%.
A decrease of 4.10% has been recorded in September 2022 in Manufacturing sector, when compared with the previous months Manufacturing index (August 2022). The prices decrease is seen in: “Rubber and plastics products” by 10.50%, followed by “Chemicals and chemical products” by 6.29%, and “Basic metals” by 2.14%.
The increasing prices are noticed in “Refined petroleum products” by 0.87%, “Food products” by 0.55%, “Printing and reproduction of recorded media” 0.16%, “Cement and other non-metallic mineral products” by 0.12%, and “Beverages” by 0.02%.
Comparing with the index of counterpart in the previous year (September 2021), “Manufacturing” PPI of September 2022 showed an increase of 5.81%. The major groups which explain this price increase are: “Rubber and Plastics products” by 27.22%, followed by “Refined Petroleum products” by 23.29%, “Basic metals” by 12.34%, “Cement and other non-metallic mineral products” by 6.51%, “Food products” by 3.36%, and “chemicals and chemical products” by 0.03%. However, the decreasing prices are noticed in “Printing and reproduction of recorded media” by 3.49%, and “Beverages” by 1.35%.
The PPI of Electricity, gas, steam and air conditioning supply showed an increase of 7.14% compared to August 2022. When comparing the PPI of September 2022, to the PPI of September 2021 Y-o-Y, there is an increase of 5.47%.
On the other hand, the PPI of Water supply showed an increase of 2.53% compared to July 2022, an increase of 1.78% when compared t0 September 2021. (QNA)