- Stability on CPI of June 2016,compared with May 2016
- CPI Annual change increased by 2.5%.
The Ministry of Development Planning & Statistics (MDPS) has released the Consumer Price Index (CPI) for the month of June 2016. The CPI of June, 2016 is estimated at 107.6 showing stability [M-o-M basis], when compared to CPI of May 2016. Compared to CPI of June 2015, an increase [Y-o-Y basis] of 2.5% has been registered in the general index (CPI) of this month.
An analysis [on M-o-M basis] of CPI for June, 2016 compared with May, 2016 CPI, shows that there are three main groups, where respective indices in this month have risen, namely: “Transport” by 0.8%, “Clothing and Footwear” and “Recreation and Culture” by 0.7% each. A decline in prices is also noticed in “Food and Beverages” by 1.8%, “Restaurants and Hotels” by 0.5%, “Miscellaneous Goods and Services” by 0.4%, and “Furniture and Household Equipment” by 0.1%. The other groups: “Tobacco”, “Housing, Water, Electricity and other Fuel”, “Health”, “Communication”, and “Education” have remained flat at the last month’s price level. Graph (4) and (5) show the movement of monthly CPIs of “Food and Beverages” and “Housing, Water, Electricity and Gas”.
A comparison of the CPI, June, 2016 with the CPI, June, 2015, points a rise in the general index (CPI), by 2.5%. This [Y-o-Y] price surge is primarily due to the increasing prices seen in the eight groups, namely: “Education” by 7.1%, “Recreation and Culture” by 5.2%, “Housing, Water, Electricity and other Fuel” by 4.8%, “Transport” by 2.6%, “Miscellaneous Goods and Services” by 2.4%, “Clothing and Footwear” by 1.9%, “Furniture and Household Equipment” by 0.6%, , and “Communication” by 0.1%. Also, there has been a decrease in price levels in other groups, namely: “Food and Beverages” by 2.6%, “Health” by 1.0%, and “Restaurants and Hotels” by 0.5%. No change has been recorded in “Tobacco” groups. Graph (1) shows the monthly and annual comparison for CPI of June 2016.
The CPI of June, 2016 excluding “Housing, Water, Electricity and other Fuel” group stands at 105.5, shows a stability when compared to the index of May 2016, and a 1.8% increase when compared to the CPI of June, 2015. Table (2) presents CPI excluding “Housing, Water, Electricity and other Fuel” and Graph (3) shows the monthly percentage change of CPI with and without Housing component.
More detailed data on Qatar information exchange portal, QALM: www.qalm.gov.qa.
