Consumer prices in Qatar dropped 0.7 percent year-on-year in May of 2019, following a 0.4 percent fall in the previous month. It was the eighth straight decline in consumer prices, as cost continued to fall for housing & utilities (-2.2 percent vs -2.7 percent in April); recreation & culture (-7.3 percent vs -5.6 percent) and for food & beverages (-1.3 percent vs -0.7 percent). In addition, prices rose at a softer pace for transport (1.6 percent vs 1.7 percent) and restaurants & hotels (0.4 percent vs 0.5 percent). On the other hand, furniture & household equipment cost advanced faster (1.8 percent vs 1.7 percent). On a monthly basis, consumer prices went down 0.6 percent, after a 0.5 percent rise in April. Inflation Rate in Qatar averaged 2.51 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.