Qatar Inflation Rate Lowest in Almost 3 Years

The annual inflation rate in Qatar eased to 0.98% in March 2024, the lowest since March 2021, from 2.7% in the previous month.

Prices slowed down for food & beverages (2.7% vs 6.6% in February 2024) and recreation & culture (8.5% vs 16.6%).

Moreover, prices deflated at a faster pace for housing & utilities (-2.7% vs -1.7) and transport (-0.9% vs -0.6%), while it deflated at a slower pace for clothing & footwear (-3.6% vs -3.9%) and maintained the same pace of decrease for health (-1.6%).

In contrast, prices accelerated for miscellaneous goods & services (0.8% vs 0.6%) and education (3.5% vs 3.2%).

On a monthly basis, consumer prices fell by 1.4%, following a 0.34% decrease in the previous month.