What is the average inflation rate for 2020?
For 2020, an inflation rate of -2.5% was calculated. During the observation period from 1980 to 2020, the average inflation rate was 3.3% per year. Overall, the price increase was 260.97 %.
What’s happening to the Qatari economy?
After oil and gas prices tanked a few years ago, the Qatari economy followed suit, with growth dropping from 4.4% in 2013 to an estimated 2.6% last year.
What is the price of petrol in Qatar in 2022?
For example, the price of premium Petrol by the liter rose from 1.15 Qatari Riyal in 2016 to 2.1 in 2022. Milk, bread, and public transportation tickets have all also seen a rise in prices. In addition, fast food prices have also hit the roof.
What is the inflation rate in Qatar in 2022?
The annual inflation rate in Qatar slowed to 4.16% in January of 2022 from 6.47% in the previous month which was the highest level since December of 2008. Prices declined for housing & utilities (-1.31% vs -2.71% in December); while eased for transport (6.58% vs 11.28%); recreation & culture (26.42% vs 37.31%); and furnishings (0.34% vs 3.64%).