DOHA: The Monthly Producer Price Index (PPI) of the Industrial sector for August 2014 stood at 163.9, showing a decline of 2 percent over the PPI of July 2014, said the Ministry of Development Planning and Statistics (MDPS) yesterday in a press release.
The index, which covers Mining, Electricity and Water and Manufacturing activities, is a measure of the average selling prices received by domestic producers for their output.
The PPI of August 2014 has declined 7.5 percent compared to the PPI of August previous year.
Compared with July 2014, the breakdown of the overall PPI for August, 2014 by main groups show a decline of 1.8 percent in “Mining” group (with a weight of 77 percent), the decreasing price shows up in Crude petroleum and natural gas by same percentage.
Manufacturing group PPI (with a weight of 21 percent) shows a fall of 3 percent. The decreasing prices shows up in Refined Petroleum products by 4.2 percent, Basic Chemicals by 1.6 percent, Dairy products by 1.5 percent, Basic metals by 1.3 percent. Grain mill and other products by 0.4 percent, and Cement and other non-metallic products groups decreased by the same percentage 0.4 percent. An increase is noticed in Beverages group by 1 percent. The Peninsula
