Mubasher: Qatar’s producer price index (PPI) jumped 25.1% year-on-year to 67.7 points in April, the Ministry of Development Planning and Statistics (MDPS) said in a statement released on Monday.
The manufacturing index of the world’s biggest liquefied natural gas (LNG) exporter consists of three main components, namely mining represents 83.6%, while manufacturing, electricity and water account for 15.2%, 0.7% and 0.5%, respectively.
The statement attributed the rise to an increase in the mining segment by 31.1%, while the manufacturing sector and natural gas levelled up 31.2%, the ministry's data showed.
The industrial segment rose 14.8% year-on-year in May due to the increase in subgroups; namely the manufacture of refined petroleum products, which rose 19.6%, followed by a 17% rise in basic metals.
Meanwhile, prices of the electricity and water segment went down 0.5%, as water prices declined by 8.6%, while electricity prices advanced by 6.5%.
On monthly basis, Qatar’s PPI inched up 0.1% in the fifth month of this year, compared to 67.6 points in April.
