MDPS Releases Monthly Producer Price Index of Industrial Sector for September 2014

Doha, November 25 (QNA) - The Ministry of Development Planning and Statistics (MDPS) has released the Monthly Producer Price Index (PPI) of the Industrial sector for September 2014 which covers Mining, Electricity & Water and Manufacturing activities. This indicator is a measure of the average selling prices received by domestic producers for their output. The PPI for September, 2014 stands at 158.4, which shows a decrease of 3.4% over the PPI of August 2014; and 7.6% (year-on-year) when compared to the PPI of September 2013. Compared with August 2014, the breakdown of the overall PPI for September, 2014 by main groups show a decline of 4.0% in "Mining" group (with a weight of 77%), the decreasing price shows up in Crude petroleum and natural gas by same percentage. "Manufacturing" group PPI (with a weight of 21%)shows a fall of 0.6%.The decreasing prices shows up in Basic Chemicals by 1.9%, "Beverages" group by 1.4%, Refined Petroleum products by 0.5%,and "Cement and other "non-metallic products" groups by 0.2%. An increase is noticed in Dairy products by 3.6%, Basic metals by 2.0%, and "Grain mill and other products", by 1.5%. The PPI of "Electricity and water" group (with 2.0% weightage) shows a decline of 0.2%, resulting from the effect of price fall seen in Electricity by 0.4% and rise in Water by 0.2%. The overall PPI of September, 2014, compared to the PPI of September, 2013, has decreased (year-on year) by 7.6%. The "Mining" group PPI shows a dropped by8.8%, primarily due to the price decrease seen in "Crude petroleum and natural gas" by the same percentage. The "Manufacturing" group PPI shows a decline of 2.5% in September, 2014, when compared to the PPI of September, 2013. The major groups which explain this price fall are "Refined Petroleum Products" by 4.9% and "Beverages" by 2.9%. However, prices rise are noticed in "Dairy products" by 4.8%,"Cement and other non-metallic products" by 1.8%, "Grain mill and other products" by 1.4%, "Basic chemicals" by 1.3%and "Basic Metals" by 0.8%. The PPI for "Electricity & Water" shows a decrease of 4.5%, resulting from the effect of price fall seen in Electricity by 4.5% and Water by 1.6%. (QNA)