CPI shows a rise in inflation for Qatar
QSA numbers show Qatar's inflation is on the rise
Qatar has seen a rise in its inflation, according to new figures from the country's statistics authority.
The country's consumer price index grew in July by 0.4% from June 2012 and 2.2% from July 2011.
The CPI is a good indicator of both consumer habits and the country’s financial evolution.
With food, beverage and tobacco seeing a small decrease, the evidence of a growing population was highlighted through an increase in spending on ‘Furniture, Textiles and Home Appliances’, which rose by 1.5%. Qatar’s residential market is also showing signs of growth, with a slight increase in rent, fuel and energy costs by 0.4%.
The most significant year-on-year rise was in the ‘entertainment, recreation and culture’ category, where spending rose by 6.1% from July 2011. Part of Qatar’s construction roll-out is to create greater leisure facilities - in particular the forthcoming Doha Festival City which will offer 28,000 square metres of dedicated entertainment area, along with the country’s first IKEA.