Monday, June 27, 2011

QSA: Cost of living in Qatar continues to rise

The cost of everything but rent has gone up in Qatar, according to the most recent Consumer Price Index released by the Qatar Statistics Authority.

Compared to the cost of things like clothes, food and transportation in May 2010, prices have gone up between .4 percent to 7.8 percent, QSA reports:

The highest increase was in the Clothing and Footwear group, where prices went up by 7.8%, followed by Transport and Communications by 5.2%, , Miscellaneous Goods and Services, by 4.8%, Food & Beverages group, by 4.5%. Prices in the group of Rent declined by (3.8%).

CPI has also been calculated excluding the group of rent. After eliminating the effect of rent, the overall index shows an increase of 0.4% compared to April 2011, and an increase of 4.1 % compared to the month of May 2010.

QSA doesn’t delve into why it’s getting more expensive to live in Qatar, but inflation is one possibility.

What do you guys think?

Has anyone started to feel the pinch of paying more for taxis, restaurants and clothes?

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