- DUBAI: Qatar’s annual inflation accelerated to 1.6 percent on annual basis in January, helped by soaring transport and food costs, data from the country’s statistics authority showed.
Consumer prices jumped 0.9 percent month-on-month, sharply up from December.
Analysts expected prices in the world’s top liquefied natural gas (LNG) exporter to pick up speed again this year helped by a rise in food costs.
Qatar’s economy is seen largely outperforming fellow Gulf oil energy producers with expected growth of 12.8 percent this year and an estimated 16 percent last year, following expansion of gas output and government infrastructure spending.