Consumer prices in Qatar showed no growth from a year earlier in August of 2019, after a 0.6 percent fall in the previous month. Cost rebounded for transport (2.3 percent vs -0.4 percent in July) while prices advanced faster for food & beverages (1.9 percent vs 0.6 percent); restaurant & hotels (1.3 percent vs 1.2 percent) and miscellaneous goods & services (4.4 percent vs 2.6 percent). Meantime, prices continued to decrease for housing & utilities (-2.2 percent vs -2.6 percent); recreation & culture (-8.3 percent vs -12 percent) and furniture & household equipment (-0.1 percent, the same as in July). On a monthly basis, consumer prices rose 1.2 percent, recovering from a 0.2 percent decline in July. Inflation Rate in Qatar averaged 2.44 percent from 2005 until 2019, 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.
Inflation Rate in Qatar is expected to be 0.50 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 2.70 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.