The annual inflation rate in Qatar increased to 4.28% in October of 2021 from 2.71% in the previous month. It was the highest rate since December 2008, due to a faster rise in prices of transport (9.56% vs 9.36% in September), food & beverages (4.17% vs 4.14%), recreation & culture (25.31% vs 13.55%), miscellaneous goods & services (2.69% vs 2.19%), and restaurant & hotels (2.24% vs 0.98%), while those of clothing & footwear rebounded (0.91% vs -1.21%). In addition, prices of housing & utilities dropped less (-3.58% vs -4.76%). On a monthly basis, consumer prices were up 1.34%, the most since the series began in 2009, accelerating from a 0.03% rise in September. source: Qatar Statistics Authority
Inflation Rate in Qatar averaged 1.89 percent from 2005 until 2021, 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 November of 2021.
Inflation Rate in Qatar is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Qatar Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.