Cost of living in Qatar falls month-on-month by 0.2% in April. Qatar’s cost of living, based on consumer price index (CPI), fell marginally by 0.2% month-on-month this April, mainly owing to lower expenses towards restaurants, recreation and housing, according to official estimates. The CPI inflation, however, rose 0.6% year-on-year, on costlier transport, health, education, furniture and miscellaneous goods and services, said the figures released by the Ministry of Development Planning and Statistics.
International Monetary Fund recently said during 2017–18, subsidy cuts, increase in public fees, a moderate recovery in global commodity prices and the implementation of a value added tax are expected to moderate Qatar’s inflation over the medium term. The index of Restaurants and Hotels, which have 6.08% weight, shrank 0.9% month-on-month this April and 2.7% on a yearly basis.
Recreation and Culture, which have 12.68% weightage in the CPI basket, saw its index fall 0.8% in April 2017 on a monthly basis and 2.6% year-on-year.
Housing, water, electricity and other fuels – with a weight of 21.89% in the CPI basket – saw 0.6% month-on-month dip in its index in April this year and 1.5% year-on-year. The CPI of January 2017, excluding “housing, water, electricity, gas and other fuels” showed an increase of 1.3% on a yearly basis but it was flat on a monthly basis. Communication, which carries 5.87% weight, saw its group index fall 0.1% in April 2017 both on monthly and yearly basis.
However, the index of health, which carries 1.79% weightage, expanded 1.9% month-on-month this April and 2.6% on a yearly basis. Miscellaneous Goods and Services, which have 5.69% weightage, witnessed its index gain 0.6% in April 2017 on a monthly basis and 1.4% year-on-year.
Food and beverages, which has a weight of 12.58% in the CPI basket, saw its group index rise 0.5% this April against the previous month’s level, while it was down 1.3% on a yearly basis.
Transport, which has 14.59% weightage, saw its group index expand 0.3% this April against March 2017 level and 8.4% on a yearly basis. The sector has the direct linkage to the dismantling of the administered prices in petrol and diesel.
Clothing and footwear, which carry 5.11% weight, witnessed 0.2% jump in April this year both on monthly and yearly basis. Although Education, with 5.75% weightage, saw its index unchanged in April 2017 against that in the previous month, overall its index increased 3% on a yearly basis.
Furniture and household equipment, which have 7.7% weightage in the CPI basket, also treaded a flat path this April on a monthly basis but had seen 1.4% increase year-on-year.
Tobacco, which has 0.27% weight, stood unchanged both annually and monthly in April this year.