Qatar’s inflation much lower than global rates: Al-Kuwari

Qatar’s projected inflation of 3.3% in 2023 will be much lower than the estimated global inflation of 6.5% in 2023, HE the Minister of Finance Ali bin Ahmed al-Kuwari said."Ours is at a very manageable level. Our level of inflation is a dream to many countries, especially those in the EU (European Union) and the United States, which are currently seeing very high inflation,” al-Kuwari said at a media event Tuesday."We have taken effective measures to maintain low inflation rates. These include capping fuel prices, subsidising food and beverage products and exempting imported products from custom duties,” al-Kuwari said.However, he emphasised that tackling "imported inflation” will be a challenge, given Qatar’s imports of significant quantities of food and other essential items."Globally, inflation has spiked due to supply chain constraints following the pandemic and the current crisis in Ukraine,” al-Kuwari noted.