CPI shows slight decline in May

 13 Jun 2016 - 0:57

CPI shows slight  decline in May
A decline in price level was noticed in food and beverages, recreation and culture, and restaurants and hotels 

 

DOHA: The Consumer Price Index (CPI) of May is estimated at 107.6 showing a slight decrease of 0.1 percent compared to CPI of April 2016, according to the figures released by The Ministry of Development Planning & Statistics (MDPS) yesterday.
Compared to CPI of May 2015, an increase of 2.6 percent was registered in the index.
An analysis of CPI for May, 2016 compared with April, 2016 CPI, shows that there are three main groups, where respective indices in this month have risen, namely: “Clothing and Footwear” by 0.8 percent, “Miscellaneous Goods and Services” by 0.6 percent, “Transport” by 0.1 percent.
A decline in prices is also noticed in “Recreation and Culture” by 0.7 percent, “Food and Beverages” by 0.6 percent, and “Restaurants and Hotels” by 0.2 percent. The other groups: “Tobacco”, “Housing, Water, Electricity and other Fuel”, “Furniture and Household Equipment”, “Health”, “Communication”, and “Education” have remained flat at the last month’s price level.
A comparison of the CPI, May, 2016 with the CPI, May, 2015, points a rise in the index, by 2.6 percent. This year-on-year price surge is primarily due to the increasing prices seen in the eight groups, namely: “Education” by 7.1 percent, “Recreation and Culture” and “Housing, Water, Electricity and other Fuel” by 5.2 percent each, “Miscellaneous Goods and Services” by 2.4 percent, “Transport” by 1.8 percent, “Furniture and Household Equipment” by 1.1 percent, “Clothing and Footwear” by 0.9 percent, and “Communication” by 0.1 percent.
Also, there was a decrease in price levels in other groups, namely: “Food and Beverages” by 1.2 percent, “Health” by 1 percent, and “Restaurants and Hotels” by 0.1 percent. No change has been recorded in “Tobacco” groups.
The CPI of May, 2016 excluding “Housing, Water, Electricity and other Fuel” group stands at 105.5, decrease by 0.1 percent when compared to the index of April 2016, and a 1.9 percent in comparison to the CPI of May, 2015.

The Peninsula