Qatar’s PPI rises 100.2% in November

Qatar’s Producer Price Index (PPI) for November 2021 is estimated at 93.9 points showing an increase of 5 percent when compared to October 2021 and a rise of 100.2 percent year-on-year when compared to the PPI of November 2020.
Planning and Statistics Authority (PSA) has released the Monthly Producer Price Index (PPI) of the Industrial sector for November 2021 with the base year 2013.
The PPI of November 2021 for the mining sector showed an increase by 3.9 percent when compared with the PPI of October 2021, primarily due to the price increase of ‘Crude Petroleum and Natural Gas’ by 3.9 percent, and 0.2 percent in ‘Stone, Sand and Clay’. PPI of November 2021, when compared with its counterpart in the previous year, there was an increase of 113.5 percent.
In the manufacturing sector, an increase of 7.3 percent has been recorded in November 2021, when compared with the previous month’s manufacturing index of October 2021. The prices increase is seen in ‘Basic Chemicals’ by 13.5 percent, followed by ‘Refined Petroleum Products’ by 6.1 percent, ‘Basic Metals’ by 3.7 percent, ‘Rubber and Plastics products’ by 1.1 percent, ‘Juices’ by 0.8 percent, ‘Grain mill and Other Products’ by 0.3 percent, and ‘Cement and Other Non-Metallic products’ by 0.2 percent. However, the decreasing prices are noticed in ‘Other Chemical Products and Fibers’ by 8.6 percent, ‘Dairy Products’ and ‘Beverages’ by 0.1 percent. No change was noticed in ‘Paper and Paper products’.
Compared with the index of counterpart in the previous year, ‘Manufacturing’ PPI of November 2021 showed an increase of 78.3 percent. The major groups which explain this price increase are ‘Basic Chemicals’ by 134.1 percent, followed by ‘Refined Petroleum Products’ by 77.3 percent, ‘Basic Metals’ by 40 percent, ‘Rubber and Plastics Products’ by 14.1 percent, ‘Paper and Paper Products’ by 11.4 percent, ‘Cement and Other Non-Metallic Products’ by 3.3 percent, and ‘Grain Mill and Other Products’ by 1.4 percent.
However, prices fall in ‘Other Chemical Products and Fibers’ by 2.9 percent, ‘Beverages’ by 2.1 percent, ‘Juices’ by 0.5 percent, and ‘Dairy Products’ by 0.2 percent.
In the Electricity and Water sector, the PPI of this group showed an increase of 7.4 percent compared to October 2021, resulting from prices rise in ‘Electricity’ by 11.2 percent, and ‘Water’ by 3.8 percent. When compared the PPI of November 2021, to the PPI of November 2020 Y-o-Y, showed an increase of 14.1 percent, affected by prices rise in ‘Water’ by 18.2 percent, and in ‘Electricity’ by 10.2 percent.