Doha: The Producer Price Index (PPI) for February 2022 is estimated at 97.26 points showing an increase of 4.22 percent, when compared to the previous month. On year on year (Y-o-Y) basis, PPI of February 2022 showed an increase of 65.69 percent, when compared to the PPI of February 2021.
Planning and Statistics Authority (PSA) released the Monthly Producer Price Index (PPI) of the Industrial sector for February 2022 with the base year 2013.
The PPI of February 2022 for mining sector showed an increase by 5.37 percent when compared with PPI of January 2021, primarily due to the price increasing of crude petroleum and natural gas by 5.38 percent, and Stone, Sand and Clay decrease by 0.13 percent. PPI of February 2021, when compared with its counterpart in previous year (February 2021), there was an increase of 72.68 percent.
An increase of 2.17 percent has been recorded in February 2021, when compared with the previous month’s Manufacturing index (January 2021). The prices increase is seen in - ‘Refined Petroleum products’ by 5.74 percent, followed by ‘Juices’ by 2.92 percent, ‘Grain mill and Other products’ by 0.50 percent, and ‘Rubber and Plastics products’ by 0.46 percent. However, the decreasing prices are noticed in ‘Basic Chemicals’ by 3.59 percent, ‘Basic Metals’ by 2.48 percent, ‘Cement and Other non-metallic products’ by 0.46 percent, ‘Dairy products’ by 0.12 percent, and ‘Beverages’ by 0.02 percent, no change is noticed in ‘Other chemical products and fibers’, and ‘Paper and Paper products’.
Comparing with the index of counterpart in the previous year (February 2021), ‘Manufacturing’ PPI of February 2022 showed an increase of 53.61 percent. The major groups which explain this price increase are: ‘Basic chemicals’ by 83.70 percent, followed by ‘Refined Petroleum products’ by 52.71 percent, ‘Basic Metals’ by 29.98 percent, ‘Rubber and Plastics products’ by 10.16 percent, ‘Paper and Paper Products’ by 6.38 percent, ‘Grain mill and Other products’ by 2.46 percent, ‘Juices’ by 2.19 percent, and ‘Cement and Other non-metallic products’ by 1.82 percent.
