Doha, December 14 (QNA) – The Consumer Price Index (CPI) for November 2022 peaked 106.86 points to see a 5.3 percent increase compared to the same month in 2021 and a 1.36 percent surge compared to November 2022, the Planning and Statistics Authority (PSA) said in a statement on Wednesday.

This indicator measures inflation, and includes 12 main groups of consumer goods, under which 737 goods and services fall, and is calculated on the basis of 2018 according to the results calculated from the data of the household income expenditure survey 2017-2018.

The statement attributed the year-on-year increase to surges in seven groups namely: “Recreation and Culture” by 22.51 percent, followed by “Housing, Water, Electricity and other Fuel” by 12.49 percent, “Restaurants and Hotels” by 8.09 percent, “Education” by 1.09 percent, “Furniture and Household Equipment” by 0.84 percent, “Clothing and Footwear” by 0.59 percent, and “Food and Beverages” by 0.38 percent.

A slight decrease has been shown in price levels in “Health” by 2.31 percent, “Transport” by 0.82 percent, “Miscellaneous Goods and Services” by 0.55 percent, and “Communication” by 0.12 percent. No changes recorded on “Tobacco”.

On a monthly basis, CPI saw a surge in six groups versus October 2022 as follow: “Restaurants and Hotels” by 7.55 percent, “Recreation and Culture” by 4.16 percent, “Clothing and Footwear” by 3.29 percent, “Transport” by 0.72 percent, “Miscellaneous Goods and Services” by 0.72 percent, and “Housing, Water, Electricity and other Fuel” by 0.47 percent.

In the same context, a monthly decrease has been recorded on “Furniture and Household Equipment” by 0.5 percent and “Food and Beverages” by 0.27 percent. No changes recorded on “Tobacco”, “Health”, “Education”, and “Communication”.

After ruling out groups of “Housing, Water, Electricity and Gas and other types of fuel”, CPI for November 2022 reached to 109.18 points to see a 1.57 percent increase compared to October 2022 and a 3.7 percent surge versus the same month in 2021. (QNA)

By

Leave a Reply

X