FINANCIAL NEWS

Qatar consumer prices fall 2.1% in August

06 Oct 2010

(MENAFN) Qatar’s Statistics Authority said in its report that consumer prices in Qatar fell 2.1 percent on an annual basis in August, the mildest deflation this year, and rose slightly from the previous month, The Peninsula reported.

Consumer prices in Qatar, the world�s top liquefied natural gas exporter, rose 0.1 percent month-on-month in August, after falling 0.5 percent in July, which was the biggest monthly drop in 10 months, the report said.

On an annual basis, deflation subsided from July�s 2.9 percent and a peak of 5.4 percent in January. Annual data for 2009 and beyond are not available.

Rental prices, the largest component in the Qatari basket, fell 0.4 percent month-on-month in August, after plunging by 1.6 percent in the previous month, data showed.

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