There are no comments.
By Santhosh V Perumal
Business Reporter
A double-digit increase in education expenses, higher rents and costlier tobacco and transport led Qatar to report a 1.5% increase year-on-year (y-o-y) in cost of living, based on the consumer price index (CPI), in September this year, according to official figures.
The CPI inflation was up 0.2% against the previous month’s levels mainly on costlier higher costs for education, the Ministry of Development Planning and Statistics (MDPS) said, releasing the CPI data for September.
Expecting consumer price levels to be “muted”, the MDPS in it Qatar Economic Outlook for 2015-17, said the country’s CPI inflation is likely to come down to 2% this year from 3.3% in 2014, but will see a modest pick up in the next two years.
Education group, which carries 5.75% weight in the CPI basket, saw the maximum rise of 17.1% y-o-y in September 2015 and the index soared 5.4% from the August level.
Tobacco group, which has 0.27% weight in the CPI basket, increased 6.3% y-o-y in September this year, but month-on-month, it was unchanged.
Transport sector, which has 14.59% weightage in the CPI basket, saw its group index expand 2.5% y-o-y in September 2015; while it fell 0.7% against the previous month’s level.
Housing, water, electricity and gas group — with a weight of 21.89% in the CPI basket — saw its index rise 2.1% y-o-y in September this year and it was up 0.9% from the previous month’s level.
The CPI of September 2015, excluding “housing, water, electricity, gas and other fuels” group showed an increase of 1.4% y-o-y but was unchanged compared with August this year.
Food and beverage, which has a weight of 12.58% in the CPI basket, saw its group index expand 1.5% y-o-y in September and it notched up 0.2% against the August levels.
Clothing and footwear group, which carries 5.11% weight in the CPI basket, saw 0.6% y-o-y increase in its index in September 2015 and it rose by a similar proportion compared to August this year.
Furnishings and household equipment group, which carries 7.7% weightage in the CPI basket, witnessed 0.3% y-o-y rise in its index in September this year and it was up 0.1% against August levels.
Restaurants and hotels segment, which has 6.08% weight in the CPI basket, saw its group index rise 0.2% y-o-y in September 2015 but it was down 0.3% month-on-month.
Communication, which carries 5.87% weight in the CPI basket, saw its group index increase 0.1% y-o-y in September this year; while it was unchanged from the previous month’s levels.
However, Recreation and Culture, which have 12.68% weightage in the CPI basket, saw its index plunge 3.6% y-o-y in September 2015 and it shrank 2.3% compared to August this year.
Miscellaneous Goods and Services, which have 5.69% weightage in the CPI basket, witnessed 1.2% decline y-o-y in September this year but reported 0.3% gain against the August levels.
Health sector, which carries 1.79% weightage in the CPI basket, witnessed 0.1% fall y-o-y in September this year; even as the index was unchanged month-on-month.
There are no comments.
Saying goodbye is never easy, especially when you are saying farewell to those that have left a positive impression. That was the case earlier this month when Canada hosted Mexico in a friendly at BC Place stadium in Vancouver.
Some 60mn primary-school-age children have no access to formal education
Lekhwiya’s El Arabi scores the equaliser after Tresor is sent off; Tabata, al-Harazi score for QSL champions
The Yemeni Minister of Tourism, Dr Mohamed Abdul Majid Qubati, yesterday expressed hope that the 48-hour ceasefire in Yemen declared by the Command of Coalition Forces on Saturday will be maintained in order to lift the siege imposed on Taz City and ease the entry of humanitarian aid to the besieged
Some 200 teachers from schools across the country attended Qatar Museum’s (QM) first ever Teachers Council at the Museum of Islamic Art (MIA) yesterday.
The Supreme Judiciary Council (SJC) of Qatar and the Indonesian Supreme Court (SCI) have signed a Memorandum of Understanding (MoU) on judicial co-operation, it was announced yesterday.
Sri Lanka is keen on importing liquefied natural gas (LNG) from Qatar as part of government policy to shift to clean energy, Minister of City Planning and Water Supply Rauff Hakeem has said.