https://arab.news/72bvm
RIYADH: Qatar’s consumer price index for September reached 107.82 points, up 0.82 percent year on year, driven by a rise in recreation and culture group costs, new figures revealed.
Data released by the Gulf country’s National Planning Council showed that the increase in CPI is primarily due to the prices rising in five groups, namely: “recreation and culture” by 12.57 percent, “miscellaneous goods and services” by 6.24 percent, “communication” by 3.96 percent, “restaurants and hotels” by 2.74 percent, and “education” by 1.04 percent.
This aligns with projections that Qatar’s average inflation rate is expected to continuously decline by 0.6 percentage points between 2024 and 2029, according to data from Statista, a German platform specializing in data analysis and visualization.
According to the forecast, in 2029, inflation will have decreased for the seventh consecutive year to 1.96 percent.
The data further reported a decrease in price levels in “housing, water, electricity and other fuel” by 4.17 percent, “food and beverages” by 3.3 percent, “health” by 1.63 percent, “furniture and household equipment” by 1.52 percent, “clothing and footwear” by 1.26 percent, and “transport” by 0.34 percent.
According to the newly released data, no changes were recorded on “tobacco.”