World Economy

Qatar Inflation at 3.5%

Qatar Inflation at 3.5%Qatar Inflation at 3.5%

The inflation in Qatar continued to remain moderate in 2014, thanks in part to lower international food prices, TradeArabia reported. According to the Ministry of Development Planning and Statistics (MDPS), consumer price index (CPI) inflation remained roughly stable at three percent in 2014, from 3.1% the previous year, stated the Qatar National Bank (QNB) in its review. “The key drivers of inflation in 2014 were higher rent inflation offsetting lower international food prices. Going forward, we expect domestic inflation to accelerate, pushing inflation higher to 3.5% in 2015 and 4.4% in 2016,” its stated.