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.

Read in IntelliNews Pro

Get IntelliNews Pro

Related Articles

Erdogan: Turkey may strike Kurdish militants in Iraq’s Quandil Mountains “at any moment one evening”

Turkey will strike Kurdish militant camps in the mountains of northern Iraq if Baghdad does not itself clear the area of militants, President Recept Tayyip Erdogan said on June 7. On June 6, ... more

UAE investor to develop $500mn agri-food group in Romania

The Al Dahra Group of the United Arab Emirates (UAE) wants to purchase nearly 60,000 hectares of agricultural land along the Danube River, develop a logistics company including water and road ... more

UAE to buy major stakes in Kazakh special economic zones

The United Arab Emirates’ (UAE’s) global port operator Dubai Ports World on March 24 signed two framework agreements to acquire stakes in Kazakhstan’s two Special Economic ... more

Dismiss