The consumer price index (inflation) in Qatar decreased on an annual basis last November by 2.94%, compared to the same period last year, as a result of the decline in prices of many groups that make up the index, in light of the effects of the new Coronavirus pandemic on many economic activities.
According to data issued by the Qatar Planning and Statistics Authority, the inflation rate reached 95.91 points last month, compared to 98.82 points in November 2019. The annual decline came as a result of the decline in prices for 4 groups, most notably entertainment by 20.35 percent, clothing by 5.19 percent, housing, water and electricity by 5.04 percent, and the food and beverage group by 1.11 percent.
On the other hand, the prices of 7 groups, most notably tobacco, rose by 8.37 percent, then restaurants and hotels by 4.04 percent, and education by 2.78 percent.
On a monthly basis, inflation decreased by 0.39 percent during November, amid a decrease in 4 groups, an increase in two groups, and a stabilization of 6 groups. The prices of food and beverage groups decreased by 1.9%, transportation by 1.04%, other goods and services by 0.3%, and education by 0.01%, while the groups of clothes and shoes and the group of restaurants and hotels increased.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
