Doha: The CPI of February 2023 reached 105.34 points showing a decrease by 0.06 percent when compared to CPI of January 2023 according to the Planning and Statistics Authority (PSA) data on the Consumer Price Index (CPI) for the month of February 2023. Compared to CPI of February 2022, [Y-o-Y basis], an increase of 4.41 percent has been recorded in the general index (CPI) of this month.
When comparing the main components of CPI for the month of February 2023, with the previous month January 2023 (Monthly change), it is found that, there was a decrease in five groups, while three groups were increased, and four groups remained unchanged. The groups showed decrease as a follow: “Restaurants and Hotels” by 2.12 percent, “Food and Beverages” by 1.45 percent, “Clothing and Footwear” by 0.80 percent, “Housing, Water, Electricity and other Fuel” by 0.62 percent and “Miscellaneous Goods and Services” by 0.28 percent. A surge has been recorded in “Recreation and Culture” by 3.75 percent, followed by “Transport” by 0.24 percent and “Furniture and Household Equipment” by 0.11 percent. “Tobacco”, “Health”, “Communication”, and “Education” had remained flat at the last month’s price level.
A comparison of the CPI, February 2023 with the CPI, February 2022 (Annual Change), an increase has been recorded in the general index (CPI), by 4.41 percent. This [Y-o-Y] price increase primary due to the prices rising in seven groups namely: “Recreation and Culture” by 20.80 percent followed by “Housing, Water, Electricity and other Fuel” by 8.94 percent, “Restaurants and Hotels” by 4.45 percent, “Education” by 4.26 percent, “Transport” by 2.38 percent, “Health” by 1.62 percent, “Clothing and Footwear” by 0.71 percent.
