Consumer prices in Qatar dropped 0.33 percent year-on-year in December of 2019, following a 0.69 percent decrease in the previous month. It was the third straight decline in consumer prices although at a softer pace, as recreation & culture cost decreased less (-2.89 percent vs -3.80 percent in November) while prices advanced faster for food & beverages (0.98 percent vs 0.16 percent) and restaurants & hotels (1.74 percent vs 1.27 percent). In addition, clothing & footwear prices rebounded (3.05 percent vs -4.18 percent). In contrast, cost continued to fall for housing & utilities (-2.61 percent vs -2.28 percent in November) and transport (-2.17 percent vs -1.64 percent). On a monthly basis, consumer prices increased 0.46 percent, after a 0.22 percent rise in the previous month. Inflation Rate in Qatar averaged 2.35 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 1.50 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 2.00 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.