Qatar: Inflation down 0.5%

      Published on Wednesday, 18 October , 2017      44 Views     
Qatar: Inflation down 0.5%

  • Doha News

Qatar’s consumer price index (CPI) fell by 0.5 per cent in September compared to the same period in 2016, official data showed yesterday.

Data released by the Ministry of Development Planning and Statistics showed the inflation rate reached 108.4 points last month, compared with 108.9 points in September 2016.



According to the data, the drop is the result of the decline in the prices of six areas namely: housing, water, electricity, gas and other fuels by 4.7 per cent, entertainment and culture by 4.5 per cent, telecommunication by 1.1 per cent, restaurants and hotels one per cent, other goods and services by 0.8 per cent, furniture and household appliances 0.6 per cent and clothing and footwear by 0.5 per cent.

Meanwhile, the price of transportation increased by 6.1 per cent, food and beverages by 3.6 per cent, health care by 2.7 per cent, education was up by 0.4 per cent while tobacco prices remained unchanged.

On a monthly basis, inflation in Qatar increased by 0.1 per cent from August.

The Gulf region was hit by a political crisis on 5 June when Saudi Arabia, the United Arab Emirates, Bahrain and Egypt cut diplomatic ties with Qatar and imposed economic sanctions on it which included closing their airspace to Qatari aviation as well as maritime and air borders.

This has led to increasing costs for Doha, which had to rearrange new shipping routes for many imports through Oman and Kuwait.



https://www.middleeastmonitor.com/

Keywords:
Category Doha News | 2017/10/18 latest update at 7:00 PM
Source : | Photocredit :
45 Views
Comments Add comment



Related Articles

The editorial staff of Qatar Today would like to give all of its readers from Gulf and Qatar and the whole world the opportunity to participate actively in the development of the website! If you have something interesting, fun, scandalous - just something worth to be seen from more people. Capture it and share it in the Qatar Today with a short text.

Do you have information you want to reach our readers?

Send article/s

You can subscribe to our Facebook, Twitter and Google pages or use our RSS feed channel to always read the most important news about Qatar, the Gulf and the world.


HH the Amir Inaugurates Water Security Reservoirs Project Emir

HH the Amir Inaugurates Water Security Reservoirs Project

HH the Amir Sheikh Tamim bin Hamad Al Thani inaugurated the Water Security Mega Reservoirs Project, during a…

Qatar Emir Skips Gulf Meet Hosted By Saudi Arabia Doha News

Qatar Emir Skips Gulf Meet Hosted By Saudi Arabia

Qatar’s emir skipped a summit in Saudi Arabia on Sunday with fellow Arab Gulf leaders whose boycott of…

Qatar’s emir receives invite from Saudi king to attend Gulf Arab summit Emir

Qatar’s emir receives invite from Saudi king to attend Gulf Arab summit

Qatar’s emir, Sheikh Tamim bin Hamad Al Thani, has received a written invitation from Saudi Arabia’s King Salman…

Turkey’s Erdogan hails Qatar emir as ‘friend in times of trouble’ Emir

Turkey’s Erdogan hails Qatar emir as ‘friend in times of trouble’

Turkey’s president hailed close ally Qatar as a “friend in times of trouble” as he met with the…

GULF TV

Popular in GULF TV

About DFI

2905 Views

Doha Film Institute is dedicated to film appreciation, education, and building a dynamic film industry in Qatar that…

Latest videos in GULF TV

Events

Qatar Events

Lifestyle

Life

Culture

Culture News

Sport

Sport

Science & Technology

Science & Technology

Government

Government News