Qatar's PPI quickens to 2.6% q/q in Q4 2013

By bne IntelliNews March 11, 2014

Qatar's producer price index (PPI) rose 2.6% q/q in the fourth quarter of 2013, speeding up from a 1.4% q/q growth in Q3 on higher mining, utilities and manufacturing prices, according to data by the Qatar Statistics Authority. In yearly terms, the PPI rose 1.6% y/y, the same as in Q3.

Producer prices in the mining and quarrying sector (77% of the index) rose 1.6% q/q and 1.4% y/y in Q4, lifted by a 1.6% q/q growth in crude oil and natural gas charges and a 0.7% q/q expansion in the charges of stone, sand and clay.

The manufacturing sector's PPI (21% of the basket) increased 7.0% q/q in Q4, pushed up by higher prices of basic chemicals (up 4.9%), refined petroleum products (up 9.1%) and base metals (up 3.7%).

Meanwhile, utility prices rose 2.7% q/q in Q4, reversing a 0.7% decline a quarter earlier.

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