Qatar's Producer Price Index (PPI) for May 2023 is estimated at 112.51 points showing a decrease of 5.89%, when compared to the previous months April 2023. On an annual basis, PPI of May 2023 showed a decrease of 29.83%, when compared to the PPI of May 2022.
The index is comprised of four main sectors: "Mining" (weight: 82.46%), "Manufacturing" (weight: 15.85%), "Electricity" (weight: 1.16%), and "Water" (weight: 0.53%).
Data showed that the PPI of May 2023 for Mining and Quarrying showed a decrease by 6.19% when compared with PPI of April 2023, primarily due to the price decrease on "Crude petroleum and natural gas" by 6.20%, 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%, due to the price decrease on "Crude petroleum and natural gas" by 30.28%, followed "Other mining and quarrying" by 0.49%.
As for manufacturing, a decrease of 4.34% 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%, followed "Refined petroleum products" by 4.78%, "Beverages" by 0.45%, "Cement & other non-metallic mineral products" by 0.18% and "Food products" by 0.11%. The increasing prices are noticed in "Rubber and plastics products" by 4.85% and "Basic metals" by 0.45%. 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%. The major groups which explain this price decrease are: "chemicals and chemical products" by 37.95%, followed by "Refined Petroleum products" by 31.34%, "Basic metals" by 17.88% and "Cement & other non-metallic mineral products" by 0.03%. However, the increasing prices are noticed in: "Rubber and Plastics products" by 5.92%, followed by "Food products" by 4.35%, "Beverages" by 1.01% and "Printing and reproduction of recorded media" by 0.57%.
The PPI of Electricity, gas, steam, and air conditioning supply showed a decrease of 9.47% compared to April 2023. When compared the PPI of May 2023, to the PPI of May 2022 year-on-year (y-o-y), showed an increase of 12.00%. The PPI of water showed an increase of 5.52% 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%.