Inflation edges up; housing slips
15 Nov 2017 - 0:26
Qatar’s CPI-based inflation has edged up 0.3 percent in October, from a month ago. The inflation rate, with a 2013 base year calculation, also inched up to 0.2 percent in October on year-on-year.
On month-on-month, restaurants and hotels group increased the most by 2.0 percent. Furniture and household equipment; and Health groups were costlier by 1.0 percent each in October, while food and beverages group rose 0.9 percent. Clothing and Footwear and Transport increased 0.8 percent and 0.5 percent, respectively.
Housing, water, electricity and gas group; and miscellaneous goods and services group became cheaper by 0.4 percent each. Tobacco, Communication, and Education group have remained flat at the last month’s price level.
The year-on-year increase was mainly driven by transport (7.8 percent), food and beverages (4.9 percent), health (3.6 percent) and education (0.4 percent).
Housing, Water, Electricity and other Fuel group was cheaper by 5.4 compared to October 2016. While recreation and culture group slipped by 2.0 percent, communications and miscellaneous goods and services group declined by 1.1 percent, each. Clothing and footwear group was cheaper by 0.5 percent and furniture and household group declined by 0.3 percent. No changes recorded in “Tobacco” and “Restaurants and Hotels” groups.