Consumer prices in Qatar dropped 3.12 percent year-on-year in May of 2020, following a 3.06 percent decrease in the previous month. It was the eighth decline in consumer prices, as transport continued to fall (-6.11 percent vs -3.09 percent in April) while prices slowed for food & non-alcoholic beverages (0.15 percent vs 1.21 percent in April) and restaurants & hotels (0.45 percent vs 0.60 percent). On the other hand, the cost dropped at a softer pace for housing & utilities (-3.94 percent vs -4.18 percent) and recreation & culture (-10.77 percent vs -13.71 percent). On a monthly basis, consumer prices fell 0.58 percent, following a 1.33 percent decline in the prior month.
Inflation Rate in Qatar averaged 2.22 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 July of 2020.
Inflation Rate in Qatar is expected to be 1.90 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 1.70 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 2.10 percent in 2021 and 2.30 percent in 2022, according to our econometric models.