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Qatar’s Inflation Remains Within Reach In Spite Of The Crisis

Photo: The Peninsula

Despite blockade by four Arab nations, the inflation rate of have been kept under control by the government and most of the prices for different items are stabilised in the local market.

The surge in prices of some items were almost offset by the fall in the prices of other goods, such as clothing and footwear, miscellaneous goods and services, housing, water, electricity, fuel and other items, whose prices have declined with varying degrees.

The reports of MDPS (Ministry of Development Planning and Statistics), showed that the CPI in July 2017 increased by 0.2 percent. This negligible increase in the CPI index of July is the same both compared to year-on-year as well as month-on-month.

The CPI of July, 2017 reached to 108.7 (base year is 2013) showing an increase of 0.2 percent, when compared to CPI of June, 2017. Compared to CPI of July, 2016, (y-o-y basis) of 0.2 percent increase has been recorded in the general index (CPI) of this month.

The month-on-month analysis of CPI highlighted four main groups, where indices in July were increased, namely “Food and Beverages” by 4.2 percent, “Recreation and Culture” by 0.9 percent, “Transport” by 0.6 percent, and “Health” by 0.2 percent.

A decrease in prices is also noticed in “Clothing and Footwear” by 2.7 percent. “Miscellaneous Goods and Services” by 1.4 percent, “Restaurants and Hotels “by 1.1 percent, “Furniture and Household Equipment” and “Communication” by 1.0 percent each, and “Housing, Water, Electricity and other Fuel” by 0.6 percent. The other two groups: “Tobacco” and “Education” have remained flat at the last month’s price level.

The year-on-year price surge is primarily due to the increasing prices seen in the four groups, namely: “Transport” by 7.5 percent”, “Food and Beverages” by 4.5 percent, “Education” by 3.0 percent, “Health” by 2.8 percent.

Also, there has been a decrease in price levels in seven groups, namely: “Clothing and Footwear” by 4.3 percent, “Housing, Water, Electricity and other Fuel” by 3.6 percent, “Recreation and Culture” by 2.5 percent, “Miscellaneous Goods and Services” by 2.0 percent, “Communication” by 1.1 percent, “Restaurants and Hotels” by 0.8 percent, and “Furniture and Household Equipment” by 0.7 percent. No changes recorded in “Tobacco” group.

The CPI of July, 2017 excluding “Housing, Water, Electricity and other Fuel” group stands at 108.0 showing an increase of 0.4 percent when compared to the index of June 2017; and 1.4 percent when compared to the CPI of July 2016.

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