FINANCIAL NEWS

Qatar’s food prices to grow in 2016, 2017

27 Dec 2015

(MENAFN) The broadcast of global food prices, which will fall in 2016 before recovering in 2017, into the Qatari economy should lead to rising local food price inflation by 1.5 percent and 3.2 pct.

According to this, food prices are predicted to create gradually more upward pressure on Qatar’s consumer price index (CPI) inflation.

Three main factors are pushing global food prices lower; such as request growth for food is weakening as global growth has been slower than predicted, pushing down prices.

Additionally, the International Monetary Fund’s (IMF) revised predicted global GDP growth down by 0.2 percent to 3.1 percent for this year, compared with growth of 3.4 pct last year.

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