Consumer prices in Qatar fell 2.4 percent year-on-year in October of 2020, following a 3 percent slump in the prior month. It was the softest decrease in consumer prices since March, but prices continued to fall for recreation & culture (-19.7 percent vs -21 percent in September); housing & utilities (-5.5 percent vs -4.7 percent) and clothing & footwear (-6.3 percent vs -4.3 percent). In contrast, costs rebounded for transport (2.4 percent vs -0.1 percent) and food & beverages (1.6 percent vs -0.3 percent). On a monthly basis, consumer prices were down 0.2 percent, after increasing 0.3 percent in the prior month. source: Qatar Statistics Authority
Inflation Rate in Qatar averaged 2.02 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 November of 2020.
Inflation Rate in Qatar is expected to be -5.50 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 8.30 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 5.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.