Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Marginal increase in January inflation  Join our daily free Newsletter

MENAFN - The Peninsula - 18/02/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - The Peninsula) Consumers might be struggling to balance monthly budget with their limited disposable income, especially due to high rentals and rising prices of groceries, but the official statistics on inflation tell a different story.



Qatar's month-on-month inflation has witnessed a marginal increase of 0.3 percent in January, 2014 compared to December, 2013, according to the latest data released by the Ministry of Development Planning and Statistics (MDPS) yesterday.



The ministry, in a press statement, said that the Consumer Price Index (CPI) of January, 2014 is estimated at 115.7, showing an increase of 0.3 percent when compared to CPI of December 2013, and by 2.3 percent when compared to the CPI of January 2013.



The month-on-month comparison of CPI of January, 2014 with that of the previous month (CPI of December, 2013), major increases were noticed in the groups, namely: 'Furniture, Textiles and Home Appliances' by 1.9 percent, due to an increase recorded in the household services, 'Rentals, Fuel and Energy' increased by 1.0 percent. The prices of 'Garments and Footwear' have surged by 0.5 percent, 'Miscellaneous Goods and Services' soared by 0.4 percent. A decline of 0.7 percent posted in 'Food, Beverages and Tobacco' group (due to price fall seen in the fruits and vegetables), also a decline recorded in 'Entertainment, Recreation and Culture' by 0.3 percent, due to decrease recorded in a cost of travel and tourism



The year-on-year comparison, of CPI of January 2014 with that of January 2013, shows an increase of 2.3 percent at the overall level. Price increases have been registered in most of the groups: 'Rentals, Fuel and Energy' by 4.8 percent, 'Furniture, Textiles and Home Appliances' by 4.2 percent, 'Entertainment, Recreation and Culture' by 2.8 percent, 'Garments and Footwear' by 1.9 percent, and 'Food, Beverages and Tobacco' by 1.6 percent. However prices of 'Miscellaneous Goods and Services' show a decline of 4.5 percent due to decrease recorded in gold prices



After eliminating the effect of rentals, the overall index have reached 126.8, showing an increase by 0.2 percent compared to the CPI of December 2013, and by 1.4 percent when compared to the CPI of January 2013


 


The Peninsula




  MENA News Headlines
 Aug 29 2015 - Abraaj exists Condor Travel stake to CarlyleMENAFN
(MENAFN) Dubai-based Abraaj Group has announced the signing of an agreement to exit its stake in Condor Travel to The Carlyle Group.The exit, through Abraaj's Latin American Fund, marks the first ...

 Aug 29 2015 - GCC construction contracts to drop to USD194b in 2015MENAFN
(MENAFN) Construction in the GCC will increase in value despite a slight dip in the overall contract awards this year caused in part by cheap oil, according to an industry expert.The man behind the ...

 Aug 29 2015 - Middle East business confidence continues to drop in Q2MENAFN
(MENAFN) Business confidence in the Middle East continued to fall in the second quarter of 2015, but not as quickly as it had in the first three months of the year, according to a new survey.The ...

 Aug 29 2015 - 9 hours battling death at sea off the Libyan coastThe Peninsula
(MENAFN - The Peninsula) Pakistani teenager Shefaz Hamza spent nine hours at sea clinging to the wreckage of a migrant boat that sank off Libya. By the time the coast guard arrived his mother and ...

 Aug 29 2015 - Qatar Exchange index jumps 3.08pcThe Peninsula
(MENAFN - The Peninsula) Qatar Exchange (QE) index finished in the green yesterday, after a sharp rise in all sectors. The market gained 3.08 percent or 337.84 points to reach 11,295.46. The market ...

 Aug 29 2015 - Arabs brace for weak oil for rest of 2015The Peninsula
(MENAFN - The Peninsula) A second oil price rout of 2015 has forced Arab Opec members to cut their price expectations for this year, showing they are prepared to tolerate cheaper crude for longer to ...

 Aug 29 2015 - Lebanon- Hezbollah, Christian allies boycott cabinet meetingThe Peninsula
(MENAFN - The Peninsula) The Lebanese Shia group Hezbollah and allied Christian politicians boycotted a cabinet meeting yesterday, a sign of rising political tensions that have paralysed Prime ...

 Aug 29 2015 - IS kills two generals in IraqThe Peninsula
(MENAFN - The Peninsula) suicide attack claimed by the Islamic State (IS) group killed two Iraqi generals yesterday in the key battleground province of Anbar, as the militants made gains in ...

 Aug 29 2015 - Iraq- At least 11 Daesh Militants Killed in AnbarThe Peninsula
(MENAFN - The Peninsula) 11 Daesh militants, some of them belonging to foreign nationalities, were killed in a pre-emptive attack against a hideout of the organization east of Ramadi city, in Anbar ...

 Aug 29 2015 - At least 78 dead in Libya refugee boat disasterThe Peninsula
(MENAFN - The Peninsula) At least 76 people have died after a ship carrying hundreds of migrants and refugees sank off the coast of Libya, the Libyan Red Crescent said Friday. The United Nations ...

more...


 






Google

Click to Apply

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help