Qatar's PPI for October Rises 102.5% YoY

Planning and Statistics Authority

The Producer Price Index (PPI) in the State of Qatar grew 13.5 percent in October on a monthly basis, and grew 102.5 percent compared to the same month of last year, official data showed today.

The PPI covers goods relating to "Mining" (weight: 72.7 percent), "Manufacturing" (weight: 26.8 percent), and "Electricity & Water" (weight: 0.5 percent).

Data from the Planning and Statistics Authority showed that the PPI of October 2021 for the mining sector showed an increase by 16.3 percent when compared with PPI of September 2021, primarily due to the price increasing of "Crude petroleum and natural gas" by 16.3 percent, and 0.9 percent in "Stone, Sand and Clay". PPI of October 2021, when compared with its counterpart in previous year (October 2020), there was an increase of 122.2 percent.

In the manufacturing sector, an increase of 7.9 percent has been recorded in October 2021, when compared with the previous month (September 2021). The prices increase is seen in: "Refined Petroleum products" by 9.2 percent, followed by "Basic Chemicals" by 7.7 percent, "Basic Metals" by 2.9 percent, "Rubber and Plastics products" by 2.6 percent, "Cement and Other non-metallic products" by 2.1 percent, and "Grain mill and Other products" by 0.9 percent. However, the decreasing prices are noticed in "Beverages" by 1.6 percent, "Dairy products" by 0.6 percent, and "Other chemical products and fibers" by 0.4 percent. no change was noticed in "Juices", and "Paper and Paper products."

On an annual basis, the Manufacturing PPI of October 2021 showed an increase of 70 percent. The major groups which explain this price increase are: "Basic chemicals" by 110.9 percent, followed by "Refined Petroleum products" by 73.0 percent, "Basic Metals" by 35.1 percent, "Rubber and Plastics products" by 13.3 percent, "Paper and Paper Products" by 11.4 percent, "Other chemical products and fibers" by 6.2 percent, "Cement and Other non-metallic products" by 0.7 percent, and "Grain mill and Other products" by 0.6 percent. However, prices fall in "Juices" by 1.2 percent, and "Beverages" by 1.1 percent. no change is noticed in "Dairy products".

The PPI of Electricity and Water showed an increase of 3.5 percent compared to September 2021, resulting from prices rise in "Water" by 4.6 percent, and in "Electricity" by 2.4 percent. When compared the PPI of October 2021, to the PPI of October 2020 Y-o-Y, showed an increase of 8.0 percent, affected by prices rise in "Water" by 13.6 percent, and in "Electricity" by 2.6 percent. 

Source: QNA