Cost of Living in Qatar declines in May

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Cost of Living in Qatar declines in May

Based on consumer price index (CPI), Qatar's cost of living was decreased in May 2019. The cost for 500 items were  decreased during Ramadan.

According to the image  released by the Planning and Statistics Authority (PSA) the nation  witnessed a 0.66% and 0.56% decline in inflation both  yearly and monthly basis.

Weightage of 12.58% Food and beverages in the CPI basket, witnessed  a 2.13% plunge in May 2019.

In view of Ramadan, the Ministry of Commerce and Industry, in co-operation with major shopping malls, had undertaken an initiative to offer discount prices that covered basic commodities consumed.

In perspective of Ramadan, the Ministry of Commerce and Industry, in co-operation with shopping centers, had undertaken an initiative to offer discount prices. 

The index of Recreation and Culture, which have 12.68% weightage in the CPI container, plunged 3.24% monthly and 7.26% on a yearly premise this May. 

 

The index of Clothing and Footwear, which has 5.11% in the CPI crate, shrank 2.36% on a month to month premise however saw a 0.61% jump yearly basis in May 2019.

 The index of Housing, water, power and different fuels — with a weightage of 21.89% in the CPI container — saw a 0.56% and 2.18% decrease monthly h and yearly basis in May 2019. 

May 2019  the CPI of Except “water, housing, electricity, gas & other oils  showed a decline of  0.56% and 0.23% year-on-year in May  2019. 

The CPI of May 2019 barring "lodging, water, power, gas and different energizes demonstrated an abatement of 0.56% and 0.23% on month to month and yearly premise separately. 

Various Goods and Services, weightage of 5.69%, saw its index fall 0.16% and 0.88% on monthly and yearly basis in May2019. 

The Restaurants and Hotels, weightage of 6.08%, was down 0.1% on month to month premise a 0.35% jump on on yearly premise in may 2019. 

In any case, the Transport, which has 14.59% weightage, saw its group index surge 1.82% and 1.56% on monthly & yearly premise this May. The division has the direct linkage to the disassembling of administered costs in petrol and diesel, which have seen increments in the ongoing past as a part of decreasing the subsidies. 

On account of Furniture and household unit, which have 7.7% weightage in the CPI basket, there was a 0.04% increase in its index on a month to month premise however saw a considerable 1.77% growth contrasted and May 2018. 

Communication, which conveys 5.87% weightage, remain unchanged monthly; while it saw a 10.45% plunge year-on-year this May. 

The index of health with 1.79% weightage, was additionally level on a month to month premise though it became 0.83% on yearly premise in May 2019. 

Education, which has 5.75% weightage, saw its index tread a flat course monthly; yet generally it had enrolled a 9.25% increase yearly in May this year. 

The list of Tobacco, which has 0.27% weightage, was flat on a month to month premise yet had dramatically increased with the government substantially climbing excise tax on cigarettes from January 2019. 

SOurce: gulf-times

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