16 January 2023

Qatar's Consumer Price Index Rises by 5.93% in December 2022

Local
  • QNA_ECONOMY-QATAR_16-01-2023

Doha, January 16 (QNA) - Qatar's Consumer Price Index (CPI) rose by 5.93% in December 2022 to reach 108.20 points, compared to CPI of December 2021. On monthly basis, the CPI increased by 1.24% when compared to CPI of November 2022.
The CPI annual increase was primary due to the prices rising in seven groups namely: Recreation and Culture by 25.36%, followed by Housing, Water, Electricity and other Fuel by 11.90%, Restaurants and Hotels by 10.08%, Food and Beverages by 1.62%. Education by 1.09%, Furniture and Household Equipment by 0.95%, and Transport by 0.27%.
A decrease has been shown in price levels in Communication by 3.37%. Health by 2.31%, Clothing and Footwear by 0.38%, and Miscellaneous Goods and Services by 0.08%. No changes recorded on Tobacco.
When comparing the main components of CPI for December 2022 with the previous month November 2022 (Monthly change), it is found that, there was an increase in six groups, while two groups were decreased, and four groups remained unchanged.
The groups showed increase as a follow: Recreation and Culture by 7.33%, followed by Restaurants and Hotels by 1.84%, Transport by 1.22%, Miscellaneous Goods and Services by 0.51%, Food and Beverages by 0.43%, Furniture and Household Equipment by 0.10%. A decrease has been recorded in Communication by 2.03%, and Clothing and Footwear by 0.42%.
Tobacco, Housing, Water, Electricity and other Fuel, Health, and Education had remained flat at the last months price level.
The CPI of December 2022 excluding Housing, Water, Electricity and other Fuel group stands at 110.88 points recorded an increase by 1.53% when compared to the index of November 2022. Compared with counterpart in 2021, the CPI of December index increased by 4.61%. (QNA)

Keywords

Economy, Qatar
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