Search Site

Trends banner

SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

Qatar’s Consumer Price Index increased by 5.93% in Dec 2022

The rise was primarily driven by a price rise in recreation and culture sectors.
  • On monthly basis, the CPI increased by 1.24 percent when compared to CPI of November 2022.
  • Prices decreased in Communication by 3.37 percent, Health by 2.31 percent, Clothing and Footwear by 0.38 percent and Miscellaneous Goods and Services by 0.08 percent.

Doha, Qatar– Qatar’s Consumer Price Index (CPI) rose by 5.93 percent in December 2022 to reach 108.20 points, driven primarily by an increase in prices in the recreation and culture sectors.

On monthly basis, the CPI increased by 1.24 percent when compared to CPI of November 2022.

The CPI annual increase was due to the price rise in seven groups namely: Recreation and Culture by 25.36 percent, followed by Housing, Water, Electricity and other Fuel by 11.90 percent, Restaurants and Hotels by 10.08 percent, Food and Beverages by 1.62 percent. Education by 1.09 percent, Furniture and Household Equipment by 0.95 percent, and Transport by 0.27 percent, Qatar News Agency reported.

Prices decreased in Communication by 3.37 percent, Health by 2.31 percent, Clothing and Footwear by 0.38 percent and Miscellaneous Goods and Services by 0.08 percent. Tobacco prices remained unchanged.

When comparing the main components of CPI for December 2022 with the previous month November 2022 (Monthly change), it is found that, there was an increase in six groups, while two groups were decreased, and four groups remained unchanged.

The groups showed increase as a follow: Recreation and Culture by 7.33 percent, followed by Restaurants and Hotels by 1.84 percent, Transport by 1.22 percent, Miscellaneous Goods and Services by 0.51 percent, Food and Beverages by 0.43 percent, Furniture and Household Equipment by 0.10 percent. A decrease has been recorded in Communication by 2.03 percent, and Clothing and Footwear by 0.42 percent.

Tobacco, Housing, Water, Electricity and other Fuel, Health, and Education had remained flat at the last months price level.