NEWS: Qatar’s consumer price index posts 2.38% annual increase

First published: 22-Sep-2023 08:00:25

Staff Writer

Qatar’s consumer price index (CPI) eased month-on-month but went up by more than 2% year-on-year on the back of higher costs of communication, education, food and housing.

The country’s CPI for the month reached 106.25 points, falling by 0.58% from the previous month. However, when compared to the previous year, the latest CPI is up by 2.38%, the Planning and Statistics Authority (PSA) said in its latest report.

The year-on-year growth is due to price increases in communication, up by 15.8%, recreation and culture (7.91%), education (5.7%), furniture and household equipment (2.33%) and transport (1.85%).

Housing, water, electricity and other fuel also registered a 1.03% increase, while food and beverages went up by 0.84% and health 0.33%.

(Writing by Cleofe Maceda; editing by Seban Scaria)

seban.scaria@lseg.com

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.  

© ZAWYA 2023