Posted inPersonal Finance

Air fares jump drives Qatar consumer price rise

Air travel costs rise nearly 6% in June as consumer prices rise 1.6% compared to June 2011

Currency from the Gulf state of Qatar, a Qatari Riyal sits with a U.S. dollar displayed for a photograph in Dubai, United Arab Emirates, on Wednesday, Nov. 21, 2007. Gulf Arab states may fail to keep consumer prices in check by revaluing their currencies against the dollar, according to strategists at HSBC Holdings Plc and Citigroup Inc. P
Currency from the Gulf state of Qatar, a Qatari Riyal sits with a U.S. dollar displayed for a photograph in Dubai, United Arab Emirates, on Wednesday, Nov. 21, 2007. Gulf Arab states may fail to keep consumer prices in check by revaluing their currencies against the dollar, according to strategists at HSBC Holdings Plc and Citigroup Inc. P

A near-six percent rise in air fares drove Qatar’s monthly consumer price index (CPI) up in June, the Gulf state’s statistics authority has said.

Qatar Statistics Authority said the CPI for June, was 110.7, a slight increase of 0.5 percent when compared to the previous month.

It was also a 1.6 percent increase compared to June last year.

Compared to May, transport and communications drove the increase in prices, mainly due to a 5.9 percent rise in air fares.

Food, beverages and tobacco prices rose 0.9 percent, with fresh fish and vegetables showing the largest increase of 5.3 percent and 3.1 percent respectively.

The CPI showed no change in rent, fuel and energy prices, or costs of medical care and medical services.

The CPI showed a decline in prices of furniture, textiles and home appliances and in entertainment, recreation and culture.

Year-on-year, there were increases in all the major groups, with the exception of rent, fuel and energy which registered a drop of five percent.

The highest increases were recorded in the entertainment, recreation and culture group, where prices rose by 6.8 percent.

Follow us on

For all the latest business news from the UAE and Gulf countries, follow us on Twitter and LinkedIn, like us on Facebook and subscribe to our YouTube page, which is updated daily.