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Qatar’s General Producer Price Index (PPI) increased 2.5% in May compared to the month before, the Ministry of Development Planning and Statistics (MDPS) has said.
The PPI for May is estimated at 44.9 points, up 2.5% on the previous month, due to an increase in ‘mining’ (which includes crude oil and natural gas) and manufacturing. On the other hand, a decrease has been seen in the PPI for ‘electricity and water’ category.
On a Y-o-Y basis, PPI for May shows a “steep fall” of 30.1% when compared to the PPI of May in 2015, MDPS said.
The Producer Price Index (PPI) is a weighted index of prices measured at the wholesale, or producer level.
The PPI shows trends within the wholesale markets (the PPI was once called the Wholesale Price Index), manufacturing industries and commodities markets.
PPI of crude oil and natural gas increased by 1.3% when compared with the previous month, MDPS said. PPI of manufacturing sector increased by 4.6% in May when compared with the month before.
The PPI of electricity and water group showed a decrease of 4.6% in May compared to April, resulting from the falling price seen in water by 8.3% and electricity by 1.8%.
When the PPI of May is compared to the PPI of May, 2015, it showed a decrease of 1.9%, resulting from the price fall in water by 5.9% and electricity by 1%.
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