Qatar's CPI for January 2014 up 0.3pc

February 17, 2014 - 1:41:46 pm

DOHA: Qatar's Consumer Price Index (CPI) for January 2014, estimated at 115.7 is 0.3 percent up compared to December 2013, according to the Ministry of Development Planning and Statistics (MDPS).

The year-on-year comparison, of CPI of January 2014 with that of January 2013, shows an increase of 2.3 percent at the overall level. 

Price increases have been registered in most of the groups: Rentals, Fuel & Energy by 4.8 percent, Furniture, Textiles and Home Appliances by 4.2 percent, Entertainment, Recreation and Culture by 2.8 percent, Garments and Footwear by 1.9 percent, and Food, Beverages and tobacco by 1.6 percent.

However, prices of miscellaneous goods and services declined by 4.5 percent due to decrease recorded in gold prices.

A CPI exclusive of rentals, fuel and energy group has also been calculated. 

After eliminating the effect of rentals, the overall index have reached 126.8, showing an increase by 0.2 percent compared to the CPI of December 2013, and by 1.4 percent when compared to the CPI of January 2013.    

The month-on-month CPI of January, 2014 compared with that of December, 2013 by major groups shows furniture, textiles and home appliances up 1.9 percent, due to an increase recorded in the household services.

Rentals, fuel and energy group was up 1.0 percent. 

Garments and footwear 0.5 percent, while miscellaneous goods and services were up 0.4 percent.

Food, beverages and tobacco declined by 0.7 percent due to a fall in fruits and vegetables prices. 

Entertainment, recreation and culture also declined by 0.3 percent due to decrease recorded in a cost of travel and tourism, the ministry said. (QNA)