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FINANCIAL NEWS
Non-rent inflation to increase: KAMCO
04 Apr 2011
(MENAFN) Kuwait-based financial research organization, KAMCO Research, reported that non-rent inflation in Qatar would potentially go up due to the global increase in commodity prices, which if accompanied with an increase in domestic demand would push local prices even higher, reported The Peninsula.
KAMCO stated that on the medium term, inflation would stand at four percent.
On the other hand, Qatar had the strongest deflation rate among GCC states in 2009 at 4.9 percent, while in 2010, it stood at 2.4 percent.
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