Qatar’s Consumer Price Index Up 1.15% in August 2024

Qatar, 16 September, 2024 :  Qatar's Consumer Price Index (CPI) reached 107.47 points in August 2024, marking a 0.34% increase from July 2024 and a 1.15% rise from August 2023.

According to the National Planning Council, August saw price increases in five categories: Communication (+9.23%), Food and Beverages (+1.29%), Miscellaneous Goods and Services (+0.77%), Transport (+0.28%), and Restaurants and Hotels (+0.27%). Conversely, prices fell in Clothing and Footwear (-1.59%), Recreation and Culture (-1.24%), Housing, Water, Electricity, and Other Fuels (-0.72%), and Furniture and Household Equipment (-0.14%). The categories for Tobacco, Health, and Education remained unchanged.

Year-on-year, the CPI increased by 1.15%, driven by higher prices in Recreation and Culture (+10.65%), Miscellaneous Goods and Services (+5.30%), Communication (+3.51%), Restaurants and Hotels (+2.54%), Education (+1.77%), and Transport (+1.02%). Decreases were observed in Housing, Water, Electricity, and Other Fuels (-3.74%), Health (-1.63%), Furniture and Household Equipment (-1.58%), Clothing and Footwear (-1.22%), and Food and Beverages (-0.88%).

Excluding Housing, Water, Electricity, and Other Fuels, the CPI in August 2024 stood at 111.52 points, up 0.58% from July 2024 and 2.31% higher than in August 2023.

Source : www.zawya.com