Doha, Qatar – Qatar’s Producer Price Index (PPI) of industrial sector for March 2023 recorded 121.95 points, decreasing by 2.56 percent when compared to February 2023.
On Y-o-Y basis, PPI of March 2023 decreased by 16.88 percent when compared to the PPI of March 2022.
The PPI include four main industry sectors– mining (82.46 percent), manufacturing (15.85 percent), electricity (1.15 percent) and Water (0.52 percent).
The Planning and Statistics Authority (PSA) said Monday the PPI of March 2023 for the Mining and Quarrying showed a decrease by 2.94 percent when compared with PPI of February 2023.
This is due to the price decrease on Crude petroleum and natural gas by 2.94 percent, while no change noticed in Other mining and quarrying.
March PPI for mining decreased by 16.30 percent compared to the previous year. In Manufacturing, a decrease of 0.76 percent has been recorded in March 2023, when compared with the previous months Manufacturing index (February 2023), QNA reported.
The prices decrease is seen in refined petroleum products by 2.39 percent, followed chemicals and chemical products by 0.95 percent, food products by 0.34 percent, cement and other non-metallic mineral products by 0.29 percent, and beverages by 0.05 percent.
The increasing prices are noticed in rubber and plastics products by 2.76 percent, Basic metals by 1.62 percent, and no change noticed in Printing and reproduction of recorded media in March 2023.
Comparing with the index of counterpart in the previous year (March 2022), Manufacturing PPI of March 2023 showed a decrease of 22.03 percent.
The major groups which explain this price decrease are: chemicals and chemical products by 28.58 percent, followed by Refined Petroleum products by 18.58 percent, and Basic metals by 12.93 percent.
However, the increasing prices are noticed in food products by 5.52 percent, rubber and plastics products by 4.70 percent, printing and reproduction of recorded media by 2.88 percent, followed by beverages by 1.20 percent, and cement and other non-metallic mineral products by 0.49 percent.
Meanwhile, the PPI the Electricity, Gas, Steam and Air Conditioning Supply group showed an increase of 1.02 percent compared to February 2023. When compared the PPI of March 2023, to the PPI of March 2022, the group showed an increase of 11.76 percent.
With regard to water supply, the PPI of this group showed a decrease of 1.78 percent compared to February 2023.
When compared the PPI of March 2023, to the PPI of March 2022 (Y-o-Y), the group showed an increase of 8.64 percent.