Consumer prices in Qatar dropped 1.6 percent year-on-year in February of 2019, the same as in the previous month. It was the fifth straight decline in consumer prices, as prices decreased at the same pace for housing & utilities (-2.7 percent, the same as in January) while cost continued to fell for transport (-2.9 percent vs -2.1 percent) and for recreation & culture (-6.5 percent vs -5.1 percent). Meantime, prices declined less for food & beverages (-1.2 percent vs -2.5 percent) while cost of furniture & household equipment went up 1.3 percent, the same as in January. On a monthly basis, consumer prices increased 0.2 percent compared to a 1.0 percent rise in the previous month. Inflation Rate in Qatar averaged 2.60 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 -1.10 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 2.50 in 12 months time. In the long-term, the Qatar Inflation Rate is projected to trend around 2.80 percent in 2020, according to our econometric models.