Mubasher: Qatar’s producer price index (PPI) rose 9.9% year-on-year to 68.6 points in December from 62.4 points, according to a statement released by the Ministry of Development Planning and Statistics (MDPS) on Tuesday.
The GCC nation’s PPI consists of three main components, namely mining which accounts for 72.7%, followed by manufacturing, and electricity and water, which represent 26.8% and 0.5%, respectively.
In December, the country’s PPI surged on the back of the mining segment’s 15.9% growth, mainly supported by an increase in crude oil and natural gas prices by 16%.
Electricity and water prices grew 2.5%, while manufacturing prices retreated 1.3%, pressured by the 3.2% drop in basic metals, whereas dairy products led risers with 10.3%.
On a monthly basis, Qatar’s PPI fell 5.1% from 72.3 points in November 2018.
The PPI’s monthly decline was attributed to the drop in manufacturing, electricity and water, and mining by 7.2%, 6.6% and 4.2%, respectively, the MDPS said.
