(MENAFN- The Peninsula) The Peninsula
Doha: The CPI-based monthly inflation in December witnessed a marginal increase of 0.46 percent compared to the CPI of November 2019 as result of increase in the prices of recreation and transport services.
When compared on year-on-year, the inflation in December noticed a decline of 0.33 percent against the CPI of corresponding month in previous year (December 2018), data released by the Planning and Statistics Authority (PSA) show.
The CPI of December 2019 reached to 108.26 point (base year is 2013).
An analysis (on M-o-M basis) of CPI for December 2019 compared with CPI, November 2019, shows that there are three main groups, where respective indices in this month have increased, namely: 'Recreation and Culture by 4.90 percent, 'Transport by 1.17 percent, and 'Restaurants and Hotels by 0.36 percent.
A decreased has recorded in 'Food and Beverages by 1.34 percent, followed by 'Clothing and Footwear by 1.29 percent, 'Housing, Water, Electricity and other Fuel by 0.37 percent, 'Furniture and Household Equipment by 0.10 percent, and 'Miscellaneous Goods and Services by 0.06 percent. 'Tobacco, 'Health, 'Communication, and 'Education groups had remained flat at the last month's price level.
A comparison of the CPI, December 2019 with the CPI, December 2018 (annual change), a decrease has been recorded in the general index (CPI), by 0.33 percent.
This (Y-o-Y) price decrease was primary due to the prices decline seen in the five groups namely: 'Recreation and Culture by 2.89 percent, 'Housing, Water, Electricity and other Fuel by 2.61 percent 'Transport by 2.17 percent, 'Communication by 0.11 percent, and 'Health by 0.07 percent.
An increase has been shown in price levels in seven groups namely: 'Tobacco by 127.19 percent, 'Miscellaneous Goods and Services by 3.46 percent, 'Clothing and Footwear by 3.05 percent, 'Restaurants and Hotels by 1.74 percent, 'Food and Beverages by 0.98 percent, 'Education by 0.93 percent, and 'Furniture and Household Equipment by 0.02 percent.
The CPI of December, 2019 excluding 'Housing, Water, Electricity and other Fuel group stands at 109.58 points showing an increase of 0.69 percent when compared to the index of November 2019, and a 0.30 percent when compared to the CPI of December, 2018.
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