Monthly Producer Price Index of Industrial sector for July, 2014

Doha, September 23 (QNA) - Ministry of Development Planning and Statistics (MDPS) have released the Monthly Producer Price Index (PPI) of the Industrial sector which covers Mining, Electricity & Water and Manufacturing activities, for July, 2014. This indicator is a measure of the average changes in selling prices received by domestic producers for their output. The PPI for July, 2014 stands at 167.2, which shows a decrease of 2.4% over the PPI of June 2014; and 6.3% (year-on-year) when compared to the PPI of July 2013. The overall PPI for July, 2014 has a decrease by 2.4% (month-on-month) over the PPI of June 2014. "Mining" group (with a weight of 77%), PPI shows a decline of 3.2%, the decreasing price shows in Crude petroleum and natural gas by 3.2%. "Manufacturing" group (with a weight of 21%), PPI shows a rise of 1.3%.The increasing prices is explained by the combined effect of increasing prices seen in Dairy products by 3.0%, Refined Petroleum products by 2.1%,Cement and other non-metallic products by 0.6%, Beverages by 0.4% and Basic Chemicals increased by 0.1%. On the other hand, decreasing prices noted in Grain mill and other products by 0.9%. "Electricity and water" group (with 2.0% weightage), PPI has remained stable in July 2014. The overall PPI of July, 2014, compared to the PPI of July, 2013, has decreased (year-on year) by 6.3%. The "Mining" group PPI shows a dropped of 6.4%, primarily due to the price decrease seen in "Crude petroleum and natural gas" group by the same percentage. The "Manufacturing" group PPI shows a decline of 6.0% in July, 2014, when compared to the PPI of July, 2013. The major groups which explain this price fall include: Refined Petroleum Products by 9.2%, Basic Metals by 2.9%, Beverages by 2.2% and Basic chemicals by 0.1%. . However, prices rise are noticed in Dairy products by 3.8%,Cement and other non-metallic products by 2.4% and Grain mill and other products by 0.2% The PPI for "Electricity & Water" shows a decrease of 5.0%, resulting from the effect of price fall seen in Water by 4.9% and Electricity by 4.4%.(QNA)