InternationalInternational Economics

Inflation in Qatar increased by 5%

According to the report of the International Economic Group of Fars News Agency, quoted by The new ArabThe consumer price index, which measures the inflation rate in Qatar, increased by five percent annually last October and reached 105.43 units, which is due to the increase in the prices of six of the 12 main groups of consumer goods, which include 37 items of goods. And it will be serviced.

The statement of the Qatar Planning and Statistics Organization shows that 6 groups are responsible for the increase in inflation, one group related to recreational and cultural affairs with an increase of 26.94%, housing, water, electricity, gas and other fuels increased by 11.45%, furniture and household appliances by 1.35%, food and beverages by 1.24%, education by 1.08%, and the group of restaurants and hotels by 0.43% were accompanied by price increases.

On the other hand, the group of health, other goods and services, transportation, clothing, shoes and communication faced a slight decrease between 2.31 and 0.12 percent, while no change was observed in the group of tobacco.

Qatar’s trade balance, which shows the difference between total exports and imports, recorded a surplus of 89.9% in September compared to the same month in 2021 and reached 36.3 billion rials (about 10 billion dollars).

The value of Qatar’s exports, including exports of domestic origin and re-exports, increased by 70.6% annually to 47.6 billion Rials and increased by 1.7% monthly.

Qatar’s budget surplus doubled several times in the first half of 2022 and reached 47.3 billion rials, while it had a budget surplus of 4 billion rials in the same period last year.

According to the data of the Ministry of Finance of Qatar, this surplus was declared as 33.7 billion Rials in the second quarter and 13.6 billion Rials in the first quarter of this year.

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