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Qatar CPI Inflation 1.08% m-o-m in Oct-23

- Qatar's CPI inflation experienced a substantial increase of 1.08% m-o-m in October 2023, the highest growth since December 2022.
- The current inflation rate is significantly higher than both the one-year and long-run averages, highlighting the extraordinary inflationary pressures faced by Qatar this month.

Qatar M2 Money Supply 2.1% y-o-y (consensus 1.0%) in Sep-23

- Qatar's M2 Money Supply recorded a year-on-year growth rate of 2.1% in September 2023, the highest since June 2023.
- Credit Growth in Qatar experienced a year-on-year increase of 4.5% in September 2023, indicating positive lending activity and financial system liquidity.

Qatar CPI Inflation 0.65% m-o-m in Sep-23

- Qatar's CPI inflation surged by 0.65% month-on-month in September 2023, marking the highest growth since December 2022 and indicating a potential recovery in economic activity.
- The September 2023 CPI inflation surpassed the one-year average by 0.56 percentage points and exceeded the long-run average by 0.33 percentage points, highlighting a significant departure from historical inflation trends.

Oil: Piling On The Uncertainties

• ‘Events’ last week added to already significant uncertainties around the oil supply/demand equation. In particular, producers and investors alike would do well to recall James Carville’s quip to the effect that he wanted to be reincarnated as the bond market.

By Alastair Newton