Qatar’s inflation surges 5.93% year-on-year in December 2022
THE cost of living in Qatar based on the consumer price index (CPI) surged 5.93 percent year-on-year in December 2022 largely as a result of a rise in the prices of recreation and culture.
According to the Planning and Statistics Authority (PSA), Qatar’s CPI a key inflation indicator for December rose 1.24 percent when compared with that of November.
The CPI annual increase was primary due to the prices rising in seven groups namely: Recreation and Culture by 25.36 , followed by Housing, Water, Electricity and other Fuel by 11.90 , Restaurants and Hotels by 10.08 , Food and Beverages by 1.62 . Education by 1.09 , Furniture and Household Equipment by 0.95 , and Transport by 0.27 .
A decrease has been shown in price levels in Communication by 3.37 . Health by 2.31 , Clothing and Footwear by 0.38 , and Miscellaneous Goods and Services by 0.08 . No changes recorded on Tobacco.
When comparing the main components of CPI for December 2022 with the previous month November 2022 (Monthly change), it is found that, there was an increase in six groups, while two groups were decreased, and four groups remained unchanged.
The groups showed increase as a follow: Recreation and Culture by 7.33 , followed by Restaurants and Hotels by 1.84 , Transport by 1.22 , Miscellaneous Goods and Services by 0.51 , Food and Beverages by 0.43 , Furniture
and Household Equipment by 0.10 . A decrease has been recorded in Communication by 2.03 , and Clothing and Footwear by 0.42 .
Tobacco, Housing, Water, Electricity and other Fuel, Health, and Education had remained flat at the last months price level.
The CPI of December 2022 excluding Housing, Water, Electricity and other Fuel group stands at 110.88 points recorded an increase by 1.53 when compared to the index of November 2022.