Consumer Price Index in Qatar Decreases by 0.10 in June

Doha, July 15 (QNA) - The Planning and Statistics Authority (PSA) has released the Consumer Price Index (CPI) for the month of June 2023. The CPI of June 2023 reached 105.71 points showing a decrease of 0.10 percent when compared to CPI of May 2023. Compared to CPI of June 2022, Y-o-Y basis, an increase of 2.49 percent has been recorded in the general index (CPI) of this month.
When comparing the main components of CPI for the month of June 2023, with the previous month May 2023 (Monthly change), it is found that, there was an increase in four groups, four groups decreased, and other four groups remained unchanged.
The groups showed decreased as a follow: "Clothing and Footwear" by 2.06 percent, "Housing, Water, Electricity and other Fuel" by 0.77 percent, "Recreation and Culture" by 0.70 percent, and "Miscellaneous Goods and Services" by 0.51 percent.
An increase has been recorded in "Food and Beverages" by 1.33 percent, followed by "Transport" by 0.53 percent, "Restaurants and Hotels" by 0.07 percent, and "Furniture and Household Equipment" by 0.03 percent. "Tobacco", "Health", "Communication", and "Education" remained flat at the last month's price level.
A comparison of the CPI, June 2023 with the CPI, June 2022 (Annual Change), an increase has been recorded in the general index (CPI), by 2.49 percent. This Y-o-Y price increase primary due to the prices rising in nine groups namely: ""Housing, Water, Electricity and other Fuel" by 5.88 percent, followed by "Recreation and Culture" by 5.85 percent, "Education" by 4.06 percent, "Furniture and Household Equipment" by 2.30 percent, "Clothing and Footwear" by 2.06 percent, "Transport" by 1.72 percent, "Health" by 1.41 percent, "Restaurants and Hotels" by 0.45 percent, and "Miscellaneous Goods and Services" by 0.14 percent.
A decrease has been shown in price levels in "Communication" by 4.04 percent, and "Food and "Beverages" by 0.01 percent. No changes recorded on "Tobacco". Graph (3) shows monthly and annual change in CPI from June 2022 to June 2023.
The CPI of June 2023 excluding "Housing, Water, Electricity and other Fuel" group stands at 107.94 points recorded an increase by 0.06 percent when compared to the index of May 2023. Compared with its counterpart in 2022, the CPI of June index increased by 1.70 percent. (QNA)