Qatar’s Annual Inflation Increases

The price index rose in Qatar by annual measure until last March. (QNA)
The price index rose in Qatar by annual measure until last March. (QNA)
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Qatar’s Annual Inflation Increases

The price index rose in Qatar by annual measure until last March. (QNA)
The price index rose in Qatar by annual measure until last March. (QNA)

The Consumer Price Index (CPI) in Qatar registered a 4.01% annual increase in March, compared to the CPI of March 2022, reaching 105.55 points.

On monthly basis, the CPI showed an increase of 0.20% when compared to the CPI of February 2023.

The increase has been recorded in the general index primarily due to the prices rising in eight groups namely: Recreation and Culture by 13.63%, followed by Housing, Water, Electricity and other Fuel by 8.65%, Clothing and Footwear by 4.90%, Education by 2.61%, Transport by 2.50%, Restaurants and Hotels by 2.25%, Health by 1.62%, and Food and Beverages by 1.06%.

A decrease has been shown in price levels in Miscellaneous Goods and Services by 0.34%, Communication by 4.84%, and Furniture and Household Equipment by 0.30%.

No changes were recorded on Tobacco.

When comparing the main components of CPI of March 2023, with the previous month (Monthly change), the groups that showed an increase included: Clothing and Footwear by 1.56%, followed by Recreation and Culture by 1.44%, Housing, Water, Electricity and other Fuel by 1.09%, Miscellaneous Goods and Services by 0.75%, and Transport by 0.53%.

A decrease has been recorded in Restaurants and Hotels by 1.90%, followed by Education by 1.58%, Food and Beverages by 1.08%, and Furniture and Household Equipment by 0.22%. Tobacco, Health, and Communication had remained flat at the last month's price level.

The CPI of March 2023 excluding Housing, Water, Electricity, and other Fuel group stands at 107.42 points, recording a decrease (almost stable) by 0.02% when compared to the index of February 2023. Compared with its counterpart in 2022, the CPI of the March index increased by 2.93%.



GASTAT: Saudi Economy Experienced Highest Quarterly Growth in 2 Years

The Saudi capital Riyadh. SPA
The Saudi capital Riyadh. SPA
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GASTAT: Saudi Economy Experienced Highest Quarterly Growth in 2 Years

The Saudi capital Riyadh. SPA
The Saudi capital Riyadh. SPA

The General Authority for Statistics (GASTAT) released on Sunday the GDP report and national accounts indicators for 2024 and the fourth quarter of 2024, showing a 1.3% growth in real GDP compared to the previous year, with non-oil and government activities increasing by 4.3% and 2.6%, respectively, while oil activities declined by 4.5%.
In terms of quarterly estimates, real GDP grew by 4.5% in the fourth quarter of 2024 compared to the same quarter of the previous year. This growth was attributed to positive performance across all economic sectors.

Non-oil activities increased by 4.7%, oil activities grew by 3.4%, and government activities rose by 2.2% year-on-year.
The GASTAT report also noted that seasonally adjusted real GDP in the fourth quarter of 2024 grew by 0.5% compared to the third quarter of 2024.