Macroeconomic Forecast Qatar – Macroeconomic Forecast

BMI View: Inflation in June hit its highest rate this year, rising by 2.2% y-o-y, according to consumer price data from Qatar’s Statistics Authority. This was largely driven by increases in food and beverage and transport and communications prices, which each rose by 3.7% y-o-y, while those of rents, fuel and energy fell by 3.9%. Following average inflation of 1.9% last year, we maintain our forecast that prices in the Gulf’s fastest growing economy will rise by an average 2.7% by end-year in 2012.

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