In June, Qatar’s inflation rate remained stable, with the Consumer Price Index (CPI) reaching 107.52 points, a slight decline from 107.59 in May. This represents a 0.98% year-on-year increase from June 2023, while marking a modest 0.07% month-on-month decrease. This stability in inflation aligns with Qatar’s broader economic goals under its Third National Development Strategy, launched in early 2024, which targets an annual economic growth rate of 4% until 2030 through expanded gas production and diversified economic sectors. 

The year-on-year CPI growth was driven by notable price increases in five key groups: recreation and culture (+14.09%), education (+3.42%), miscellaneous goods and services (+2.83%), clothing and footwear (+0.98%), and food and beverages (+0.09%). Conversely, several categories saw price declines, including communication (-4.62%), housing, water, electricity, and fuel (-3.10%), and restaurants and hotels (-1.79%). 

On a monthly basis, price changes varied across sectors. Significant decreases were observed in food and beverages (-3.12%), clothing and footwear (-0.86%), transport (-0.61%), and housing, water, electricity, and fuel (-0.47%). However, prices increased in communication (+9.29%), recreation and culture (+1.24%), and restaurants and hotels (+0.13%). 

The National Planning Council also reported on the Producer Price Index (PPI) for June, which stood at 115.73 points, a 0.46% increase from May and a 6.31% rise year-on-year. In the mining and quarrying sector, PPI increased by 0.67% month-on-month, driven by a 0.68% rise in crude petroleum and natural gas prices. The manufacturing sector saw a 0.42% decrease in PPI, with price drops in five groups offset by increases in three others. Notably, rubber and plastics products saw a significant price increase of 19.49%.