Qatar’s inflation rate to hit 5.5 percent

25 Oct 2014

(MENAFN) Qatar’s inflation rate in 2014 is expected to touch 5.5 percent due to steady rise in housing rentals, according to the finding of a research conducted by Standard Chartered, The Peninsula Qatar reported.

The inflation is anticipated to go up further in 2015 in the rage of between 6 percent and 6.5 percent due to additional inflationary pressure from the construction sector.

“Qatar and the UAE are witnessing some of the highest inflation rates across the GCC region. We believe this is largely driven due to tight housing market,” Senior Economist (Mena region) at Standard Chartered bank said.

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