Inflation up in Qatar in May

28 Jun 2011

(MENAFN) Inflation in Qatar was increased in May, at 1.7 percent year on year and 0.2 percent on the month, reported Reuters.

Although the country’s economy is growing at a two digit pace, living costs are increasing in parallel.

However, analysts see that inflation only increased slightly and that it is possible that it reached a point of stabilization till the rest of this year.

In comparison, Kuwait’s annual inflation edged up to a five-month top of 5.4 percent in May, the highest level among Gulf oil producers.

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