Consumer prices in Qatar fell 2.97 percent year-on-year in September of 2020, following a 4.05 percent slump in the prior month. It was the softest decrease in consumer prices in the current twelve-month sequence of drops, as consumer demand gradually recovers with the phased easing of COVID-19 restrictions. Prices fell at a slower pace for housing & utilities (-4.75 percent vs -4.91 percent in August); transport (-0.13 percent vs -6.73 percent); recreation & culture (-20.98 percent vs -22.70 percent) and clothing & footwear (-4.25 percent vs -4.26 percent). Meantime, inflation edged higher for restaurants & hotels (4.43 percent vs 4.29 percent) and remained sharp for tobacco (at 8.37 percent). However, food and beverage cost dropped (-0.27 percent vs 0.20 percent). On a monthly basis, consumer prices were up 0.27 percent, following a 0.48 percent increase in the previous month.
Inflation Rate in Qatar averaged 2.05 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 October of 2020.
Inflation Rate in Qatar is expected to be 3.50 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 8.30 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 5.50 percent in 2021 and 3.00 percent in 2022, according to our econometric models.