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FINANCIAL NEWS
Qatar’s inflation declines in December
15 Jan 2015
(MENAFN) According to the latest data released by the Qatari’s Ministry of Development Planning and Statistics, the country’s inflation registered a decline by 0.3 percent in December of 2014 compared with November’s rate, The Peninsula Qatar reported.
However, in comparison with the inflation rate of the same month in 2013, the inflation rate recorded an increase by 2.7 percent compared to the rate of December 2013.
The latest data for the Consumer Price Index (CPI) showed that the prices of various goods and services in all major groups have either remained flat or declined by varying degrees compared to prices in the previous month during December.
The decline of CPI in December was attributed to the price falls recorded in the Food, Beverages and Tobacco by 0.4 percent, Garments and Footwear by 0.1 percent, Furniture, Textiles and Home Appliances by 0.3 percent, Transport and Communication by 0.5 percent and Entertainment, Recreation and Culture by 1 percent.
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