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CPI shows a rise in inflation for Qatar

QSA numbers show Qatar's inflation is on the rise

CPI is on the rise in Qatar.
CPI is on the rise in Qatar.

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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.
 

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