Qatar's core inflation increased faster than the general consumer price index (CPI) inflation in May 2021 on both yearly and monthly basis, according to the official statistics.
The CPI of May 2021 excluding “housing, water, electricity, gas and other fuels, surged 4.72% and 1.2% year-on-year and month-on-month, said the figures released by the Planning and Statistics Authority.
Meanwhile, Qatar's cost of living, based on general CPI inflation, rose 2.47% year-on-year this May mainly on higher expenses towards transport, restaurants, communication and food.
The country's CPI inflation was up 0.83% month-on-month in the review period, mainly owing to recreation, clothing and food sectors.
The index of transport, which has a 14.59% weight, was seen shooting up 13.15% year-on-year, but declined 1.46% on monthly basis in May 2021.
The sector has the direct linkage to the dismantling of the administered prices of petrol and diesel as part of the government measures to lower the subsidies.
In May 2021, the price of super, premium gasoline and diesel witnessed 76.19%, 80% and 57.14% surge year-on-year respectively. However, on a monthly basis, the price of super was seen rising 2.78%; while that of premium and diesel declined 2.7% and 2.94% respectively.
The index of restaurants and hotels, which has a 6.61% weight, soared 5.6% on a yearly basis but witnessed a 1.23% fall in May 2021.
Communication, which carries a 5.23% weight, saw its group index unchanged on a monthly basis but saw a 4.3% jump year-on-year in the review period.
Food and beverages, which has a weight of 13.45% in the CPI basket, witnessed 3.46% and 1.09% surge on yearly and monthly basis respectively in May 2021.
Miscellaneous goods and services, with a 5.65% weight, saw its index jump 3.93% and 1.1% on yearly and monthly basis respectively in May 2021.
Education, with a 5.78% weight, saw its index gain 3.72% year-on-year, but was down 0.06% month-on-month this May.
In the case of furniture and household equipment, which has a 7.88% weight in the CPI basket, the index was up 3.27% and 0.09% respectively in May this year.
The index of recreation and culture, with an 11.13% weight in the CPI basket, shot up 2.28% year-on-year despite a 10.97% surge month-on-month in May 2021.
However, the index of housing, water, electricity and other fuels – with a weight of 21.17% in the CPI basket – saw 6.17% and 0.74% shrinkage on yearly and monthly basis respectively this May.
The index of clothing and footwear, which has a 5.58% weight in the CPI basket, contracted 3.31% year-on-year despite 2.77% monthly increase in May 2021.
The tobacco index, which has a 0.28% weight, was unchanged on yearly and monthly basis in the review period.