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Inflation in Qatar more or less flat in December: PSA

Inflation in Qatar more or less flat in December: PSA

Tribune News Network
Doha
The cost of living in Qatar based on the consumer price index (CPI) in December remained more or less the same as that in the previous month.
According to the Planning and Statistics Authority (PSA), Qatar’s CPI — a key inflation indicator — edged up 0.02 percent to 95.93 points in December when compared with that of November. Still, this lower than the index figure a year ago.
Compared with the CPI of December 2019, the latest figure shows a decline of 3.37 percent, the PSA report
said.
The report attributed the month-on-month rise in CPI to increased prices in five inflation components — recreation and culture by 3.31 percent; education by 0.68 percent; transport, and miscellaneous goods and services by 0.53 percent each, and furniture and household items by 0.08 percent.
In the meantime, four main components showed decrease in December- clothing and footwear by 3.30 percent; housing, water, electricity and other fuel by 0.84 percent; food and beverages by 0.57 percent, and restaurants and hotels by 0.07 percent.
Three other groups — tobacco; health, and communication — remained flat.
On an year-on-year analysis, the index’s decline was mostly driven by price falls in four components — recreation and culture by 21.61 percent; clothing and footwear by 6.77 percent; housing, water, electricity and other fuel by 5.56 percent, and food and beverages by 0.62 percent.
At the same time, this comparison also reveals price rises in eight other groups — tobacco by 8.37 percent; education by 3.37 percent; restaurants and hotels by 3.30 percent; health by 1.69 percent; communication by 0.89 percent; miscellaneous goods and services by 0.60 percent; furniture and household equipment by 0.53 percent, and transport by 0.13
percent.
The CPI of December 2020 excluding housing, water, electricity and other fuel group stands at 97.46 points, showing an increase of 0.23 percent when compared with that of November 2020, and a decline of 2.69 percent when compared to the CPI of December 2019.

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