Consumer prices in Qatar dropped 0.6 percent year-on-year in July of 2019, following a 0.4 percent fall in the previous month. It was the tenth straight decline in consumer prices, as cost declined for housing & utilities (-2.6 percent, the same as in June); transport (-0.4 percent vs 1.6 percent); recreation & culture (-12 percent vs -9.4 percent); furniture & household equipment (-0.1 percent vs 1.4 percent) and health (-0.1 percent vs 0.8 percent) while food & beverages prices slowed (0.6 percent vs 1.8 percent). On the other hand, prices advanced faster for restaurants & hotels (1.2 percent vs 0.4 percent) and clothing & footwear (4.7 percent vs 0.3 percent) while cost rebounded for communication (1.3 percent vs -10.5 percent) and miscellaneous goods & services (2.6 percent vs -0.4 percent). In addition, inflation was steady for education (at 9.3 percent). On a monthly basis, consumer prices dropped 0.2 percent, after increasing 0.7 percent in June. Inflation Rate in Qatar averaged 2.46 percent from 2005 until 2019, reaching an all time high of 16.59 percent in June of 2008 and a record low of -9.96 percent in December of 2009.
Inflation Rate in Qatar is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in Qatar to stand at 2.30 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 2.60 percent in 2020, according to our econometric models.