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Ministry of Development Planning & Statistics (MDPS) have released the Consumer Price Index* (CPI) for January 2014. The CPI of January, 2014 is estimated at 115.9, showing an increase of 0.3% when compared to CPI of December 2013, and by 2.3% when compared to the CPI of January 2013.
Month-on-Month comparison of CPI of January, 2014 with that of the previous month (CPI of December, 2013) by major groups:
The general CPI increase of 0.3% in January, 2014 over the index of December, 2013 is explained by major increases noticed in the groups, namely: “Furniture, Textiles & Home Appliances”: 1.9%, due to an increase recorded in the household services, “Rentals, Fuel & Energy*”: 1.0%, “Garments and Footwear”: 0.5%, “Miscellaneous Goods & Services”: 0.4%; and a decline of 0.7% in “Food, Beverages & tobacco” group (due to price fall seen in the fruits and vegetables), also a decline recorded in “Entertainment, Recreation & Culture“ by 0.3%, 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% at the overall level. Price increases have been registered in most of the groups: “Rentals, Fuel & Energy” by 4.8%, “Furniture, Textiles & Home Appliances” by 4.2%, “Entertainment, Recreation & Culture” by 2.8%, “Garments and Footwear”: by 1.9%, and “Food, Beverages & tobacco” by 1.6%.
However prices of “Miscellaneous goods & services” show a decline of 4.5%, due to decrease recorded in a gold prices.
A CPI exclusive of “Rentals, Fuel and Energy” group has also been calculated. After eliminating the effect of Rentals, the overall index have reached 126.8, showing an increase by 0.2% compared to the CPI of December 2013, and by 1.4% when compared to the CPI of January 2013.
More details on consumer price indices are available on QALAM: www.qix.gov.qa.
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* Base year is 2007.
* Fuel and energy for the household use.