January inflation edges higher on education

February 14, 2013 - 12:10:49 am

DOHA: Qatar’s inflation, based on consumer price index (CPI), rose 3.4 percent year-on-year (y-o-y) and the index was up 0.7 percent month-on-month (m-o-m) in January 2013, figures released by the Qatar Statistics Authority (QSA) revealed.

The y-o-y inflation was mainly driven by ‘entertainment, recreation and culture’ group, 7.5 percent up. The increase was mainly attributed to the rise in education training services. The CPI data issued by Qatar Statistics Authority for the month of January 2013, recorded increase in all the groups except garments and footwear, where prices declined by 0.9 percent compared to January 2012.

While the rent, fuel and energy grew by 4.4 percent, furniture, textiles and home appliances became costlier by 4.1 percent than a year ago. The food, beverages and tobacco grew by 3 percent. 

The price indices in other groups increased between 1.4 percent and 2.2 percent.

The CPI data recorded a month-on-month increase in five major groups. 

The ‘entertainment, recreation and culture’ grew by two percent. “Furniture, textiles and home appliances”, became costlier by 1.8 percent. 

“Rent, fuel and energy grew by one percent. While ‘food, beverages & tobacco” rose 0.9 percent, the medical care &medical services edged by 0.8 percent. 

Compared to December 2012, garments and footwear, miscellaneous goods and services and transport and communication became cheaper in January 2013. While the garments and foot wear dropped by 0.4 percent, the miscellaneous goods and services and transport and communications dropped 0.5 percent and 0.1 percent respectively.

The Peninsula