The museum of Islamic Art in Doha, Qatar

Qatar Inflation May 2024

Qatar: Inflation rises in May

Inflation came in at 0.9% in May, which was up only slightly from April’s 37-month low of 0.7%. Looking at the details of the release, recreation grew at an even sharper double-digit pace, and price pressures for food also picked up. Moreover, transport prices dropped at a slower speed.

The trend pointed down slightly, with annual average inflation coming in at 2.0% in May (April: 2.2%).

Finally, consumer prices rose 0.44% from the previous month in May, accelerating from April’s 0.42% rise. May’s result marked the highest reading since December 2023.

Our panelists expect inflation to pick up to 2.9% in June, and then trend down to settle around 1.5–1.6% by 2025—roughly in line with the 10-year average.

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