Qatar’s PPI Sees 7.19% Annual Growth in July 2024

Qatar, 4 September, 2024 : Qatar’s Producer Price Index (PPI) for July 2024 reached 116.43 points, marking a 0.60% increase from June and a 7.19% rise year-on-year, according to the National Planning Council.

The PPI increase is attributed primarily to the Mining sector, which saw a 0.60% monthly rise due to higher prices for crude petroleum and natural gas. On a yearly basis, the Mining sector's PPI rose 7.55%. 

In the Manufacturing sector, July’s PPI climbed 0.78% from June, driven by higher prices for refined petroleum products, cement, rubber, plastics, and chemicals. Annually, the Manufacturing PPI increased 5.22%, with notable price hikes in rubber and plastics, refined petroleum, and chemicals.

Conversely, the Electricity sector's PPI fell 2.45% from June and decreased 0.04% year-on-year. The Water sector saw a 3% increase compared to June.

Source : www.zawya.com