Qatar’s Annual Inflation Increases

Qatar’s Annual Inflation Increases

The Consumer Price Index (CPI) in Qatar registered a 4.01% annual increase in March, compared to the CPI of March 2022, reaching 105.55 points.

On monthly basis, the CPI showed an increase of 0.20% when compared to the CPI of February 2023.

The increase has been recorded in the general index primarily due to the prices rising in eight groups namely: Recreation and Culture by 13.63%, followed by Housing, Water, Electricity and other Fuel by 8.65%, Clothing and Footwear by 4.90%, Education by 2.61%, Transport by 2.50%, Restaurants and Hotels by 2.25%, Health by 1.62%, and Food and Beverages by 1.06%.

A decrease has been shown in price levels in Miscellaneous Goods and Services by 0.34%, Communication by 4.84%, and Furniture and Household Equipment by 0.30%.

No changes were recorded on Tobacco.

When comparing the main components of CPI of March 2023, with the previous month (Monthly change), the groups that showed an increase included: Clothing and Footwear by 1.56%, followed by Recreation and Culture by 1.44%, Housing, Water, Electricity and other Fuel by 1.09%, Miscellaneous Goods and Services by 0.75%, and Transport by 0.53%.

A decrease has been recorded in Restaurants and Hotels by 1.90%, followed by Education by 1.58%, Food and Beverages by 1.08%,