Qatar's Producer Price Index (PPI) for May 2023 is estimated at 112.51 points showing a decrease of 5.89 percent, when compared to the previous months April 2023. On an annual basis, PPI of May 2023 showed a decrease of 29.83 percent, when compared to the PPI of May 2022.
The index is comprised of four main sectors: "Mining" (weight: 82.46 percent), "Manufacturing" (weight: 15.85 percent), "Electricity" (weight: 1.16 percent), and "Water" (weight: 0.53 percent).
Data showed that the PPI of May 2023 for Mining and Quarrying showed a decrease by 6.19 percent when compared with PPI of April 2023, primarily due to the price decrease on "Crude petroleum and natural gas" by 6.20 percent, while no change noticed in "Other mining and quarrying". PPI of Mining of May 2023, when compared with its counterpart in previous year (May 2022), there was a decrease of 30.24 percent, due to the price decrease on "Crude petroleum and natural gas" by 30.28 percent, followed "Other mining and quarrying" by 0.49 percent.
As for manufacturing, a decrease of 4.34 percent has been recorded in May 2023, when compared with the previous months Manufacturing index (April 2023). The prices decrease is seen in: "Chemicals and chemical products" by 6.49 percent, followed "Refined petroleum products" by 4.78 percent, "Beverages" by 0.45 percent, "Cement and other non-metallic mineral products" by 0.18 percent and "Food products" by 0.11 percent. The increasing prices are noticed in "Rubber and plastics products" by 4.85 percent and "Basic metals" by 0.45 percent. No change noticed in "Printing and reproduction of recorded media" in May 2023.
On an annual basis, Manufacturing PPI of May 2023 showed a decrease of 30.55 percent. The major groups which explain this price decrease are: "chemicals and chemical products" by 37.95 percent, followed by "Refined Petroleum products" by 31.34 percent, "Basic metals" by 17.88 percent and "Cement and other non-metallic mineral products" by 0.03 percent. However, the increasing prices are noticed in: "Rubber and Plastics products" by 5.92 percent, followed by "Food products" by 4.35 percent, "Beverages" by 1.01 percent and "Printing and reproduction of recorded media" by 0.57 percent.
The PPI of Electricity, gas, steam, and air conditioning supply showed a decrease of 9.47 percent compared to April 2023. When compared the PPI of May 2023, to the PPI of May 2022 Y-o-Y, showed an increase of 12.00 percent. The PPI of water showed an increase of 5.52 percent compared to April 2023. When compared the PPI of May 2023, to the PPI of May 2022 Y-o-Y, showed an increase of 17.04 percent
Source: Qatar News Agency