Doha, January 03 (QNA) – The general Producer Price Index (PPI) of the industrial sector of the State of Qatar for November 2022 registered an estimated 143.57 points, showing an increase of 5.22% when compared to the PPI of November 2021. On M-o-M basis, the PPI of November showed a decrease of 3.03% when compared to October 2022.
The PPI main four industry sectors become includes Mining (weight: 82.46%), Manufacturing (weight: 15.85%), Electricity (weight: 1.15%), and Water (weight: 0.52%).
According to the data issued by the Planning and Statistics Authority (PSA) on Tuesday, the PPI of November 2022 for the Mining and Quarrying sector showed a decrease by 3.58% when compared with PPI of October 2022, primarily due to the price decrease on “Crude Petroleum and Natural Gas” by 3.58%. No change in “Other Mining and Quarrying” have been registered. When compared November 2021, the PPI of Mining of November 2022 showed an increase of 7.72%.
In the Manufacturing sector, a decrease of 0.04% has been recorded in November 2022, when compared with the previous months Manufacturing index (October 2022). The prices decrease is seen in “Basic Metals” by 6.27%, followed by “Rubber and Plastics Products” by 0.89%, and “Cement & Other Non-Metallic Mineral Products” by 0.26%. The increasing prices are noticed in “Refined Petroleum Products” by 2.59%, followed by “Food Products” by 1.31%, and “Chemicals and Chemical Products” by 0.36%. No change has been noticed in “Beverages”, “Printing and Reproduction of Recorded Media” in November 2022.
Comparing with the index of counterpart in the previous year (November 2021), the Manufacturing PPI of November 2022 showed a decrease of 7.42%. The major groups which explain this price decrease are: “Chemicals and Chemical Products” by 14.13%, followed by “Printing and Reproduction of Recorded Media” by 3.49%, “Basic Metals” by 2.77%, and “Beverages” by 0.84%. However, the increasing prices are noticed “Rubber and Plastics Products” by 20.76%, followed by “Refined Petroleum Products” by 7.54%, “Cement & Other Non-Metallic Mineral Products” by 4.80%, and “Food Products” by 4.45%.
In the Electricity, Gas, Steam, and Air Conditioning Supply, the PPI showed an increase of 5.52% compared to October 2022. When compared the PPI of November 2022, to the PPI of November 2021, showed an increase of 1.47%.
The PPI of the Water Supply sector showed a decrease of 2.37% compared to October 2022. On Y-o-Y basis, the PPI of November 2022 showed a decrease of 9.81%. (QNA)
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