Consumer prices in Qatar fell 3.41 percent year-on-year in June of 2020, following a 3.12 percent decline in the previous month. It was the ninth straight month of decrease in consumer prices, and the steepest decline since March 2010, as prices of food & non-alcoholic beverages dropped (-0.70 percent vs 0.15 percent in May) while that of recreation & culture fell more (-16.17 percent vs -10.77 percent). Prices continued to decline for housing & utilities (-3.62 percent vs -3.94 percent); transport (-4.56 percent vs -6.11 percent); clothing and footwear (-4.85 percent vs -5.58 percent); communication (-3.26 percent vs -3.26 percent), and furniture and household equipment (-0.39 percent vs -0.69 percent). In addition, restaurants & hotels inflation eased (0.35 percent vs 0.45 percent). On a monthly basis, consumer prices were up 0.26 percent, following a 0.58 percent decrease in the prior month.
Inflation Rate in Qatar averaged 2.22 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 August of 2020.
Inflation Rate in Qatar is expected to be 1.90 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 1.70 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.