Posted on August 15, 2015

The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of July 2015. The CPI of July, 2015 is estimated at 105.2 showing an increase [M-o-M basis] by 0.6% when compared to CPI of June 2015. Compared to the CPI of July, 2014, a rise of 1.6% [Y-o-Y] in the index has been registered.

Consumer Price Index during 2 [qatarisbooming.com].jpgAn analysis [on M-o-M basis] of CPI [July, 2015 against June, 2015 indices] shows that there are six main groups, where respective indices in this month have risen, namely: “Recreation and Culture” group by 1.6%, “Clothing and Footwear” by 0.9%, “Housing, Water, Electricity and Gas” by 0.8%, “Furniture and Household Equipment” by 0.2%, and ” Restaurants and Hotels” by 0.1%,   A decline in prices is noticed in the other groups, namely: “Food and Beverages” by 0.3% and “Miscellaneous Goods and Services” by 0.5% each. The other four groups: “Tobacco”, “Health”, “Communication”, and “Education” have remained flat, at the last month’s price level. Figures (4) and (5) show the movement of monthly CPIs of “Food and Beverages” and “Housing, Water, Electricity and Gas”.

A comparison of the CPI of July, 2015 with the CPI of July, 2014 points a rise in the general index (CPI), by 1.6%. This price surge is affected primarily by the increasing prices in the nine groups, namely: “Education” by 11.1%, “Tobacco” by 6.3%, Restaurants and Hotels” by 3.7%. “Transport“ by 3.2%, “Housing, Water, Electricity and Gas” by 2.3% “Clothing and Footwear” by 1.6%, “Food and Beverages” by 0.9% and “Furniture and Household Equipment” by 0.4%. Also, there has been a decrease in price levels in other groups, namely: “Recreation and Culture” by 2.8% and “Miscellaneous Goods and Services” by 1.6%. Figure (1) shows the monthly and annual comparison for CPI of June 2015.

The CPI of July, 2015 excluding “Housing, Water, Electricity and Gas” group stands at 103.6, showing an increase of 0.5% compared to the index of June 2015 and a 1.4% in comparison to the CPI of July, 2014. Table (2) presents CPI excluding “Housing, Water, Electricity and Gas” and Figure (3) shows the monthly percentage change of CPI with and without Housing component.

More detailed data on CPI is available on the Ministry’s website: www.mdps.gov.qa, and in Qatar information exchange portal, QALM: www.qalm.gov.qa

Consumer Price Index during 3 [qatarisbooming.com].jpg

Categories: