Qatar's National Planning Council (NPC) published the industrial producer price index (PPI) for July 2026 on September 30. The index stood at 114.26 points, 3.37% below June. This is the monthly movement in the source-defined producer-price basket for industry; it is not a measure of retail inflation or the actual purchasing costs of every company. Mining carries the largest stated weight, at 82.46%. Manufacturing accounts for 15.85%, electricity supply 1.16%, and water supply 0.53%, according to the Council's release.

Sector details moved in different directions beneath the headline. The mining and quarrying PPI fell 4.41% month on month; the release attributed this to a 4.41% drop in the crude petroleum and natural gas price group, while other mining activities were unchanged. Manufacturing PPI rose 0.71%. Within manufacturing, rubber and plastics products increased 2.24% and chemicals 1.38%, while refined petroleum products fell 1.37%, basic metals 0.76%, and food products 0.40%. Electricity, gas, steam and air-conditioning supply rose 0.41%; water supply increased 5.61% from June.

Editorial analysis: Mining's large weight helps explain how a decline in energy prices can dominate the aggregate industrial index. The mixed manufacturing readings also show why a national headline cannot stand in for every producer's cost experience. Buyers of raw materials should not treat a movement in chemicals or metals as the price change in their own contracts; the index reflects an average market basket and its defined coverage. Changes in energy, metal and food input prices may pass through to later producer prices with different lags, but a single month's rates do not measure the size of that pass-through or its eventual effect on retail prices.

The bulletin compares July with June; it does not provide an annual producer inflation rate or a seasonally adjusted movement in the material cited here. The level of 114.26 points and the 3.37% change are different quantities: one is an index level, the other a proportional change from the preceding month. Sector weights represent relative importance in the index calculation, not output volumes. The July result therefore does not establish a change in production volume, profitability or industrial value added. Subsequent releases can show whether the decline persists and whether the divergence among subgroups continues.