Middle East

Qatar’s inflation rate rose 4.16% year-on-year in January: PSA

According to official statistics, Qatar’s core inflation grew faster than the consumer price index (CPI) inflation in January 2022.
“January 2022 CPI, excluding housing, water, electricity, gas and other fuels, surged 5.49% year-on-year. The CPI index rose 4.16% during the review period, although The figures released by the Bureau of Planning and Statistics are stated.
Living expenses in Qatar, based on inflation in the consumer price index, increased each year in January this year, primarily due to increased costs for recreation, food, transportation and clothing.
PSA said in its latest Qatar economic outlook that import and domestic inflationary pressures are expected due to rising global market base commodity prices due to commodity supply chain bottlenecks and the negative impact of financial expansion. Financial policy.
On a monthly basis, the country’s CPI inflation fell 0.97%. Meanwhile, core inflation fell 1.31% in January 2022.
The consumer price index was 11.13%, up 26.42% year-on-year, despite a decrease of 7.73% month-on-month in January 2022.
Foods and beverages, which weigh 13.45% in the consumer price index, witnessed an annual and monthly increase of 7.23% and 1.91%, respectively, in January 2022.
The transportation index, which weighs 14.59%, showed an increase of 6.58% year-on-year, but decreased by 0.28% on a monthly basis in January this year.
This sector is directly involved in the dismantling of managed gasoline and diesel prices as part of government measures to reduce subsidies.
In January 2022, the prices of super gasoline, premium gasoline and diesel increased significantly by 68.95%, 53.85% and 57.69% year-on-year, respectively. On a monthly basis, supermarket and premium prices were flat, but diesel was 2.5% higher.
For other goods and services weighing 5.65%, the January 2022 index rose 2.55% and 0.41% year-on-year.
The consumer price index was 5.58%, and the clothing index rose 1.99% annually, but fell 2.63% monthly in January 2022.
Communication weighs 5.23%, with group indexes rising 0.57% and 0.7% year-on-year, respectively, during the review period.
Education weight was 5.78%, and the index rose 0.48% on an annual basis, but fell 0.02% month-on-month in January this year.
For furniture and home appliances with a consumer price index of 7.88%, the index rose 0.34% annually, but fell 0.33% month-on-month in January this year.
However, the health index, which weighs 2.65%, plummeted 3.09% on an annual basis and 2.51% on a monthly basis in January this year.
The index for restaurants and hotels weighing 6.61% reached 2.7% year-on-year and 3.47% month-on-month in January 2022.
The index of housing, water, electricity and other fuels (CPI basket weight is 21.17%) showed a decrease of 1.31% on an annual basis, but increased by 0.6% on a monthly basis in January this year.
The tobacco index with a weight of 0.28% did not change on an annual and monthly basis during the review period.

Last updated: February 15, 2022 05:44 PM

http://www.gulf-times.com/story/709926/Qatar-s-inflation-jumps-4-16-y-o-y-in-January-PSA Qatar’s inflation rate rose 4.16% year-on-year in January: PSA

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