Consumer prices in Qatar decreased 1.3 percent year-on-year in March of 2019, following a 1.6 percent fall in the previous month. It was the sixth straight decline in consumer prices. Cost fell at a softer pace for housing & utilities (-2.3 percent from -2.7 percent in February); transport (-2.3 percent from -2.9 percent); food & beverages (-0.6 percent from -1.2 percent) and restaurant & hotels (-0.1 percent from -0.2 percent). On the other hand, prices dropped less for recreation & culture (-7.4 percent from -6.5 percent). Meanwhile, inflation was steady for education (at 9.3 percent); furniture & household equipment (at 1.3 percent) and tobacco (127.2 percent). On a monthly basis, consumer prices showed no growth, after a 0.2 percent gain in February. Inflation Rate in Qatar averaged 2.56 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 -0.30 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 2.50 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.