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FINANCIAL NEWS
Qatar’s consumer price inflation up 1.6 percent in July
17 Aug 2015
(MENAFN) Qatar’s consumer price inflation rose 1.6 percent compared to a year earlier in July, driven by rising costs of education, eating out, transportation and house rents.
Official figures show the cost of education went up in double digits of 11.1 percent in the year. Education has a weight of 5.75 percent in Consumer Price Index (CPI) basket.
Meanwhile, tobacco prices went up by 6.3 percent in the year but its weight in CPI basket is 0.27 percent. So it may have hardly had an impact on overall inflation.
Items like clothing and footwear also became a little expensive on-year, with costs rising by 1.6 percent, CPI data released by the Ministry of Development Planning and Statistics show.
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