Consumer prices in Qatar fell by 0.3 percent year-on-year in March of 2021, after a 1.4 percent decline in the previous month. It was the smallest decrease in prices since September of 2019, as recreation & culture prices dropped at a softer pace (-9.2 percent vs -13.9 percent in February) while housing & utilities inflation was steady (at -5.8 percent). Meanwhile, food & beverages prices went down (-0.1 percent vs 0.5 percent). On a monthly basis, consumer prices were up 0.2 percent, after decreasing by 0.1 percent in the previous month. source: Qatar Statistics Authority
Inflation Rate in Qatar averaged 1.86 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 May of 2021.
Inflation Rate in Qatar is expected to be 1.60 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 1.40 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 2.00 percent in 2022, according to our econometric models.