Posted on January 15, 2015

The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of December, 2014. The CPI of December, 2014 is estimated at 118.6, showing a decrease by 0.3%, when compared to the CPI of November 2014, and an increase by 2.7% in comparison to the CPI of December 2013.

The decline of CPI of December, 2014 by 0.3% when compared to CPI of November 2014 has resulted primarily from the price falls recorded in “Food, Beverages and Tobacco” by 0.4%, “Garments and Footwear” by 0.1%, “Furniture, Textiles & Home Appliances” by 0.3%, “Transport and Communication” by 0.5%, “Entertainment, Recreation & Culture” by 1.0%. However, the price indices of “Rentals, Fuel & Energy*”, “Medical care”, and “Miscellaneous Goods & Services” remained stable at the previous month’s level. Table (1) presents CPI of December 2014, and figures (4) and (5) show the movement of monthly CPIs of “Food, Beverages and Tobacco” and “Rentals, Fuel and Energy*” groups.

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The overall CPI of December, 2014 compared to the one of December, 2013 has increased by 2.7%. The price increases are observed in all of the groups except “Food, Beverages & tobacco” where the index shows a decline of 0.4%. Increases have been registered in: “Garments and Footwear” by 2.6%, “Rentals, Fuel & Energy*” by 7.3%, (mainly hikes noticed in rentals of residential buildings), “Furniture, Textiles & Home Appliances” by 3.6%, “Medical care” by 0.8%, “Transport and Communication” by 1.2 , “Entertainment, Recreation & Culture” and “Miscellaneous Goods & Services” by 0.4% each. Figure (1) shows the monthly and annual comparison for CPI of December 2014.

The CPI of December 2014, excluding “Rentals, Fuel and Energy” group stands at 127.9, showing a decrease of 0.4% compared to the index of November 2014 and an increase of 1.0% in comparison to the CPI of December, 2013. Table (2) presents CPI excluding “Rentals, Fuel & Energy” and figure (3) shows the Monthly percentage change of CPI with and without Rental component. With this monthly release of CPI, the current series of CPI with 2007 base ends. The next press release on monthly CPI for January, 2015 will be the first in the New CPI series with 2013 as the base period. The revised series will use new weights and these would be calculated from the results of the Household Expenditure and Income survey 2012-2013.

More detailed data on CPI is available on the ministry’s website: www.mdps.gov.qa and QALAM: www.qix.gov.qa.

*Fuel and energy for home use

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