CPI Increases 4.98 Percent In July| MENAFN.COM

Tuesday, 04 October 2022 08:01 GMT

CPI Increases 4.98 Percent In July


(MENAFN- The Peninsula) The Peninsula

Doha: The Consumer Price Index (CPI) of July 2022 reached 103.65 points showing an increase of 0.49 percent when compared to CPI of June 2022. Compared to CPI of July 2021, an increase of 4.98 percent has been recorded in the general index of this month, according to data released by Planning and Statistics Authority.

When comparing the main components of CPI for the month of July 2022, with the previous month June 2022, there was an increase in seven groups, three groups was decreased, two groups remained unchanged.

Regarding to the groups showed increase as a follow: “Clothing and Footwear” by 2.56 percent,“Recreation and Culture” by 2.54 percent,“Restaurants and Hotels” by 1.68 percent,“Housing, Water, Electricity and other Fuel” by 0.62 percent, and “Transport” by 0.17 percent, a little increase for the groups“Furniture and Household Equipment” and“Food and Beverages” by 0.04 percent, 0.02 percent respectively. 

A decrease has been recorded on three main groups namely:“Communication” by 2.13 percent,“Miscellaneous Goods and Services” by 1.43 percent and“Health” by 0.21 percent.“Tobacco” and“Education” had remained flat at the last month's price level. 

A comparison of the CPI, July 2022 with the CPI, July 2021, an increase has been recorded in the general index (CPI), by 4.98 percent. 

This [Y-o-Y] price increase primary due to the prices rising in eight groups namely:“Recreation and Culture” by 32.38 percent, followed by“Housing, Water, Electricity and other Fuel” by 6.00 percent,“Food and Beverages” by 4.24 percent,“Restaurants and Hotels” by 2.16 percent,“Furniture and Household Equipment” by 1.48 percent,“Clothing and Footwear” by 0.56 percent,“Education” by 0.28 percent.“Miscellaneous Goods and Services” by 0.12 percent, 

A decrease has been shown in price levels in“Health” by 3.38 percent,“Communication” by 1.48 percent, and“Transport” by 0.08 percent. No changes recorded on“Tobacco”. Graph (3) shows a monthly and an annual change in CPI from July 2021 to July 2022.

The CPI of July 2022 excluding“Housing, Water, Electricity and other Fuel” group stands at 103.63 points recorded increase by 0.46 percent, when compared to the index of June 2022. Compared with counterpart in 2021, the CPI of July index increased by 4.76 percent.

 

MENAFN15082022000063011010ID1104696435


Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.