Qatar inflation eases to 1.8pc in 2012
Doha, January 14, 2013
The inflation in Qatar, the world's No.1 liquefied natural gas (LNG) exporter averaged 1.8 per cent in 2012, below forecasts and compared to 2 per cent in the previous year.
Rents and energy costs, which account for over 32 per cent of consumer expenses, rose 2.8 per cent year-on-year and 0.9 per cent month-on-month in December.
Food prices, which make up 13 per cent of the basket, increased 1.5 per cent on an annual basis but declined 0.3 percent from the previous month.
Analysts polled by Reuters in September expected the country to see average inflation of 2.4 per cent in 2012. -Reuters
More Finance & Capital Market Stories
- More support for Islamic banking urged
- Bahrain to set new takaful rules by year-end
- Oman fiscal surplus widens to $1.4bn
- Al khaliji opens new branch in Doha
- Bayzat launches online DBR calculator
- Dubai bourse tops 3,000 for first time in 5 years
- Bahrain mulls solvency rules for Takaful industry
- LuLu Exchange opens 3rd branch in Bahrain
- Saudi economic growth picks up in Q3
- GIH picks ex-Barclays banker as investment head