Consumer prices in Qatar dropped 0.47 percent year-on-year in February of 2020, following a 0.41 percent decrease in the previous month. It was the fifth straight decline in consumer prices, as cost slowed for food & non-alcoholic beverages (1.00 percent vs 1.49 percent in January) and restaurants & hotels (4.82 percent vs 4.96 percent). Also, prices continued to fall for housing & utilities (-3.84 percent vs -3.69 percent) and recreation & culture (-6.80 percent vs -4.15 percent). On the other hand, transport cost advanced faster (4.83 percent vs 1.69 percent). On a monthly basis, consumer prices showed no growth, after a 0.9 percent drop in January.
Inflation Rate in Qatar averaged 2.33 percent from 2005 until 2020, 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. This page provides the latest reported value for - Qatar Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Qatar Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on March of 2020.
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 2.00 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 2.10 percent in 2021 and 2.30 percent in 2022, according to our econometric models.