The museum of Islamic Art in Doha, Qatar

Qatar Inflation July 2024

Qatar: Inflation declines to lowest level since March 2021 in July

Inflation dropped to 0.2% in July from June’s 1.0%. July’s result marked the lowest inflation rate since March 2021. The decline was broad-based, with falling price pressures for food, transport, plus housing and utilities.

Annual average inflation ticked down to 1.6% in July (June: 1.8%).

Lastly, consumer prices dropped 0.38% in July over the previous month, a sharper drop than the 0.07% fall logged in June. July’s result marked the weakest reading since March.

Our panelists expect inflation to average higher than in July in August–September, before dipping again in Q4. Price pressures will remain tepid ahead, restrained by the Qatar riyal’s peg with the U.S. dollar.

EIU analysts commented:

“The QCB’s currently restrictive monetary stance is also dampening inflationary pressures. We therefore expect average inflation to slow to just 1.2% in 2024, before rising to 3.2% in 2025 as VAT is finally introduced and monetary policy is gradually eased.”

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest X Download Fullscreen