Published On: Tue, Aug 26th, 2014

Monthly Producer Price Index of Industrial Sector for Last June

Monthly Producer Price Index of Industrial Sector for Last June

Monthly Producer Price Index of Industrial Sector for Last June

 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 June, 2014, saying it stands at 171.3, which shows an increase of 0.6% over the PPI of May 2014; and an increase of 4.1% (year-on-year) when compared to the PPI of June 2013.
This indicator is a measure of the average changes in selling prices received by domestic producers for their output.
The overall PPI for June, 2014 has an increase by 0.6% (month-on-month) over the PPI of May 2014. “Mining” group (with a weight of 77%), PPI shows a rise of 0.7% over the PPI of May 2014. The increasing price shows in: Crude petroleum and natural gas by 0.7%.
“Manufacturing” group (with a weight of 21%), PPI shows a rise of 0.1%. The increasing prices is explained by the combined effect of increasing prices seen in Refined Petroleum products by 0.8%, Dairy products by 0.6%, Grain mill and other products by 0.4%.
The overall PPI of June, 2014, compared to the PPI of June, 2013, has increased (year-on year) by 4.1%. The “Mining” group PPI shows an increase of 4.2%, primarily due to the price increase seen in “Crude petroleum and natural gas” group by the same percentage. The “Manufacturing” group PPI shows an increase of 3.9% in June, 2014, when compared to the PPI of June, 2013.

Source : Qatar News Agency

About the Author

Web Development CompanyTechyPros