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MENAFN - 09/02/2014

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(MENAFN) Qatar's inflation is expected to increase to 3.8 percent this year, up from 3.1 percent the year before, The Peninsula Qatar reported.

The increase in inflation is mainly driven by surging rent prices, but a land prices recovery in the past two month will decelerate inflation by mid-year.

Rent inflation went down to 4.8 percent in the year to December 2013, dropping from 6.7 percent duing the year to August of the same year.

Rental inflation in Qatar forms nearly 32 percent of the country's overall CPI, while the rest of the CPI is related to global inflation and international food prices.

 






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