Archive

Qatar CPI Inflation 1.59% m-o-m in Dec-23

- Qatar's CPI inflation experienced a notable increase in December 2023, reaching 1.59% compared to the previous month's rate of 0.16%.
- Although significantly higher than the one-year average, it is not much higher than last Dec-22, so the annual rate only increased by a few tenths to 1.65%.

Outlook 2024: Lower For Longer Redux

• With non-Opec+ output likely to exceed consumption growth, the cartel will struggle to keep Brent above USD80pb even in the event of something close to consensus economic growth in China and a probable soft landing in the US. My forecast for 31 December is USD70pb.

By Alastair Newton

Qatar CPI Inflation 0.16% m-o-m in Nov-23

- Qatar's CPI inflation increased by 0.16% month-on-month in November 2023, marking the lowest growth rate since August 2023 and smashing the annual rate 1.2pp lower to 1.3% y-o-y.
- Despite being 0.11 percentage points above the one-year average, it remains 0.17 percentage points below the long-run average, indicating a relatively subdued inflationary environment.

Qatar GDP growth 0.5% q-o-q in Q2-23

- Qatar's GDP growth in Q2-23 registered a modest increase of 0.5% quarter-on-quarter, marking the highest expansion since Q4-22.
- However, this growth rate falls short of both the one-year average and the long-run average, indicating that the economy is still facing challenges.