Tribune News NEtwork
Doha
The National Planning Council has released the Consumer Price Index (CPI) for June 2024. The CPI for June 2024 reached 107.52 points, showing a decrease of 0.07 percent compared to May 2024. On a year-over-year (Y-o-Y) basis, the CPI increased by 0.98 percent compared to June 2023.
Comparing the main components of the CPI for June 2024 with May 2024 (monthly change), five groups increased, five groups decreased, and two groups remained unchanged.
The groups that decreased are as follows: "Food and Beverages” by 3.12 percent, "Clothing and Footwear” by 0.86 percent, "Transport” by 0.61 percent, "Housing, Water, Electricity, and other Fuel” by 0.47 percent, and "Miscellaneous Goods and Services” by 0.18 percent. Increases were recorded in "Communication” by 9.29 percent, "Recreation and Culture” by 1.24 percent, "Restaurants and Hotels” by 0.13 percent, "Furniture and Household Equipment” by 0.07 percent, and "Education” by 0.04 percent.
"Tobacco” and "Health” remained unchanged.
Comparing the CPI of June 2024 with June 2023 (annual change), an increase of 0.98 percent was recorded.
This Y-o-Y price increase is primarily due to rising prices in five groups: "Recreation and Culture” by 14.09 percent, "Education” by 3.42 percent, "Miscellaneous Goods and Services” by 2.83 percent, "Clothing and Footwear” by 0.98 percent, and "Food and Beverages” by 0.09 percent. Decreases were shown in "Communication” by 4.62 percent, "Housing, Water, Electricity, and other Fuel” by 3.10 percent, "Restaurants and Hotels” by 1.79 percent, "Health” by 1.77 percent, "Furniture and Household Equipment” by 1.71 percent, and "Transport” by 0.32 percent. No changes were recorded in "Tobacco.”
Excluding the "Housing, Water, Electricity, and other Fuel” group, the CPI for June 2024 stands at 111.04 points, recording stability with a 0.02 percent change compared to May 2024. Compared to June 2023, this index increased by 1.95 percent.