Doha: The Producer Price Index for December 2022 is estimated at 136.00 points showing a decrease of 5.27 percent, when compared to the previous month’s November 2022.
On [Y-o-Y] basis, PPI of December 2022 showed an increase of 1.45 percent, when compared to the PPI of December 2021 according to the Planning and Statistics Authority’s Monthly Producer Price Index (PPI) of the Industrial sector for December 2022 which calculated based on 2018 where the details of relative importance and prices for the base year of 2018 are used.
Therefore the relatives of the main four industry sectors become as follow: “Mining” (weight: 82.46 percent), “Manufacturing” (weight: 15.85 percent), “Electricity” (weight: 1.15 percent), and “Water” (weight: 0.52 percent).
The PPI of December 2022 for this sector showed a decrease by 5.68 percent when compared with PPI of November 2022, primarily due to the price decrease on “Crude petroleum and natural gas” by 5.69 percent, while no change in “Other mining and quarrying”.
PPI of Mining of December 2022, when compared with its counterpart in previous year (December 2021), there was an increase of 4.05 percent.
A decrease of 3.63 percent has been recorded in December 2022, when compared with the previous month’s Manufacturing index (November 2022).
The prices decrease is seen in: “Refined petroleum products” by 9.01 percent, followed by “Chemicals and chemical products” by 3.51 percent, “Basic metals” by 0.30 percent, and “Beverages” by 0.02.
The increasing prices are noticed in “Food products” by 3.12 percent. no change noticed in “Printing and reproduction of recorded media”, “Rubber and plastics products”, and “Cement & other non-metallic mineral products”. Comparing with the index of counterpart in the previous year (December 2021), “Manufacturing” PPI of December 2022 showed a decrease of 11.13 percent.
