The annual inflation rate in Qatar increased to 2.47 percent in May of 2021 from 1.02 percent in the previous month. It was the second straight month of inflation and the highest level since September 2016, due to a rebound sharply in prices of both food & beverages (3.46% vs -0.4% in April) and recreation & culture (2.28% vs -7.83%), while miscellaneous goods & services prices increased faster (3.93% vs 3.57%). Meantime, prices advanced further for transport (13.15% vs 13.4%), furniture & household equipment (3.27% vs 3.29%), restaurant & hotels (5.60% vs 6.55%), education (3.72% vs 3.79%) and communication (4.03% vs 4.03%). In contrast, prices dropped for housing & utilities (-6.17% vs -5.81%), clothing & footwear (-3.31% vs -5.75%). On a monthly basis, consumer prices were up 0.83 percent, the most in 4 months, accelerating from a 0.06 percent rise in April. source: Qatar Statistics Authority
Inflation Rate in Qatar averaged 1.86 percent from 2005 until 2021, 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 June of 2021.
Inflation Rate in Qatar is expected to be 1.60 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 1.40 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.