- Qatar’s annual inflation remained at 1.8 percent in March, its highest level in at least more than a year, data from the country’s statistics authority showed.
Consumer prices were flat month-on-month in March after a 0.3 percent increase in February as a decline in housing costs helped offset a rise in food prices, data from Qatar’s Statistics Authority showed.
The world’s top liquefied natural gas exporter returned to annual inflation last December after a protracted period of deflation as its economy powers ahead at a double-digit clip.
Qatar plans to spend over $125 billion in the next five years on construction and energy projects and the Opec member’s economy should keep growing strongly.