DOHA, QATAR – The Consumer Price Index (CPI) for October 2023 reached 108.09 points, showing an increase of 1.08 percent when compared to CPI of September 2023.
Compared to CPI of October 2022, on a year on year(Y-o-Y) basis, an increase of 2.52 percent has been recorded in the CPI of this month.
According to a statement issued by the Planning and Statistics Authority (PSA) on Wednesday, the monthly increase on CPI of September 2023 was attributed to a rise in six groups: Recreation and Culture by 10.27 percent; Restaurants and Hotels by 2.83 percent; Food and Beverages by 0.25 percent; Communication by 0.18 percent; Miscellaneous Goods and Services by 0.16 percent; in addition to a slight increase in Health by 0.08 percent.
A decrease has been recorded in Furniture and Household Equipment by 2.08 percent, followed by Clothing and Footwear by 0.84 percent, Transport by 0.67 percent, Housing, Water, Electricity and other Fuel by 0.59 percent.
Tobacco, and Education remained flat at last month’s price level.
Comparing the CPI of October 2023 with October 2022, an increase has been recorded in the general index (CPI) by 2.52 percent on an annual basis.
This Y-o-Y price increase was primary due to the prices rising in six groups namely: Communication by 14.5 percent, Recreation and Culture by 11.18 percent, Education by 6.72 percent, Food and Beverages by 3.86 percent, Transport by 1.22 percent, Miscellaneous Goods and Services by 1.21 percent.
A decrease has been shown in price levels in Housing, Water, Electricity and other Fuel by 2.41 percent, Restaurants and Hotels by 2.35 percent, Clothing and Footwear by 1.35 percent, Furniture and Household Equipment by 0.22 percent and slight decrease in Health by 0.06 percent. No changes recorded on Tobacco.
The CPI of October 2023 excluding Housing, Water, Electricity and other Fuel group stands at 111.50 point, recorded an increase by 1.48 percent when compared to the index of September 2023.
Compared with its counterpart in 2022, the CPI of October index increased by 3.73 percent.
