Consumer prices in Qatar dropped 3.4 percent year-on-year in December of 2020, following a 2.9 percent decrease in the prior month. It is the 15th month of deflation, and the steepest decline in prices since August, as prices dropped more for recreation & culture (-21.6 percent vs -20.4 percent in November); housing & utilities (-5.6 percent vs -5 percent) and clothing & footwear (-6.8 percent vs -5.2 percent). Meanwhile, food & beverages prices continued to fall (-0.6 percent vs -1.1 percent). On a monthly basis, consumer prices edged up 0.02 percent, after declining 0.4 percent in the previous month. source: Qatar Statistics Authority
Inflation Rate in Qatar averaged 1.94 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 January of 2021.
Inflation Rate in Qatar is expected to be 0.50 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 2.50 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 3.00 percent in 2022, according to our econometric models.