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Qatar CPI inflation 2.38% y-o-y in Aug-23

- Qatar's CPI inflation rate recorded a decline to 2.38% year-on-year in August 2023, the lowest growth since April 2021 and 1.72 percentage points below the one-year average.
- Despite the decrease, the current inflation rate remains 1.00 percentage point above the long-run average, indicating ongoing inflationary pressures in the economy.

Qatar PMI 53.9 in Aug-23

- The Qatar PMI for August 2023 indicates expansion in the private sector, albeit with a marginal decline from the previous month's reading.

- Despite the slight decrease, the PMI reading remains above the one-year average, suggesting a resilient private sector performance in Qatar.

Qatar M2 money supply 1.28% y-o-y in Jul-23

- Qatar's M2 money supply growth rate in July 2023 has declined to 1.28%, marking the lowest growth rate since March 2021 and falling significantly below both the one-year and long-run averages.
- The year-on-year growth rate of total credit in June 2023 stands at 3.81%, indicating a moderate pace of lending activity but requiring further scrutiny in conjunction with other economic indicators.

Qatar CPI inflation 3.11% y-o-y in Jul-23

- Qatar's CPI inflation in July 2023 increased by 3.11% year-on-year, the highest growth since April 2023.
- Despite being 1.19 percentage points below the one-year average, the inflation rate remains 1.75 percentage points above the long-term average.