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Inflation jumped by 3.8% in August: Ministry

10 September 2014
DOHA: Inflation, measured by Consumer Price Index (CPI), jumped 3.8 percent in August compared to same month last year, mainly driven by high rentals and rising prices of furniture, textiles and home appliances, according to data released yesterday by the Ministry of Development Planning and Statistics.

The price increase in 'Rentals, Fuel and Energy' group was 7.9 percent (mainly in rentals of residential buildings), 'Furniture, Textiles and Home Appliances' (5.1 percent), 'Garments and Footwear' (3.3 percent),  'Transport and Communication' (2.5 percent), 'Miscellaneous Goods and Services' (1.6 percent), 'Entertainment, Recreation and Culture' and 'Food, Beverages and tobacco' (1.2 percent each), and 'Medical care' (0.7 percent).

The CPI for August on month- on-month basis was estimated at 118.9, showing an increase of 0.7 percent compared to the CPI for July.

The overall increase of 0.7 percent in CPI for August, compared to July, has been due to price increases in 'Food, Beverages and Tobacco' by 1.7 percent, 'Miscellaneous Goods and Services' by 1.1 percent, 'Garments and Footwear' by 1.0 percent, 'Rentals, Fuel and Energy' by 0.7 percent, 'Entertainment, Recreation and Culture' and 'Furniture, Textiles and Home Appliances' by 0.3 percent each, and 'Transport and Communication' by 0.2 percent.

© The Peninsula 2014

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