Consumer Price Index (CPI) – August 2012

Qatar Statistics Authority (QSA) has released the Consumer Price Index (CPI) for August 2012. The CPI for the month of August, 2012 was 111.4, showing an increase of 0.3% when compared to the CPI of July 2012 and, a 2.3% increase when compared to the CPI of August, 2011.

A comparison of CPI,  August, 2012 with the previous month index (CPI of July, 2012) by major groups, displays increases ranging between 0.1% and 0.8% in all the major groups with the exception of “Food, Beverages and Tobacco”, where prices declined, by 0.1%. The highest increases (0.8% each) have been noticed in the groups “Entertainment, recreation and culture” and “Miscellaneous goods and services”. “Garments and Footwear” and “Transport and communications” groups each with 0.3%. “Rent, fuel and energy” and “Furniture, Textiles and home Appliances” groups increase by 0.1% for each.

The 0.1% decline in “Food, Beverages & Tobacco” is primarily the result of the price control order  issued by the Consumer Protection Department for the Ramadan period (Mid July- Mid Aug).

A year-on-year comparison, comparing the CPI of August 2012 with that of August 2011 showed increases of 2.3% at the overall level. Increases were recorded in all the major groups, with the exception of “Rent, Fuel and Energy”, which registered a drop of 3.3%. The highest increases were recorded in the groups: “Furniture, Textiles and Home Appliances”, 7.1%; “Entertainment, Recreation and Culture”, 7.0%; “Food and Beverages”, 5.5% and “Transport & Communications”, 3.1%.

A CPI exclusive of the “Rent, Fuel and Energy” group has also been calculated. After eliminating the effect of rent, the overall index reached 124.3, showing an increase of 0.3% compared to the CPI of July 2012, and an increase of 4.3 % when compared to the month of August 2011.

More details on consumer price indices are available on Qatar Statistics Authority’s Website: www.qsa.gov.qa and QALAM:  www.qix.gov.qa.

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