Inflation Qatar 2023
Average inflation: 3.0%
Current Inflation
Inflation is high at 3.0%, well above the ECB target.
Peak and Trough
The highest inflation was in April at 4.5%. The lowest inflation was in November at 1.3%.
- Highest month
- April: 4.5%
- Lowest month
- November: 1.3%
- Difference
- 3.2 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 3.8%. The lowest price increase was in Food with an average of 1.4%.
- Highest increase
- Energy: 3.8%
- Lowest increase
- Food: 1.4%
Historical Context
Current inflation is 1.6% higher than the 5-year average of 1.4%.
- 5-year average
- 1.4%
- 10-year average
- 1.2%
- All-time high (2022)
- 5%
- All-time low (2020)
- -2.5%
Trend
Inflation has remained relatively stable. Compared to 2022, the difference is minimal (-2.0 percentage point).
- Change vs. previous year
- -2.0 percentage points
- Largest monthly swing
- December: -4.3 percentage points
ECB Target
Inflation is 1.0% above the ECB target of 2.0%. This means purchasing power is declining faster than intended.
Purchasing Power
At this inflation rate, purchasing power noticeably decreases. Without a salary increase, you can buy less with the same money.
What you could buy for €100 this year will cost approximately €103.00 next year at this inflation rate.
Multi-year trend
Monthly figures 2023
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2022 |
|---|---|---|
| January | 4.2% | 0.0 |
| February | 4.4% | +0.4 |
| March | 4.1% | -0.3 |
| April | 4.5% | -0.2 |
| May | 3.4% | -1.8 |
| June | 3.2% | -2.2 |
| July | 3.1% | -1.9 |
| August | 2.4% | -2.4 |
| September | 1.8% | -4.2 |
| October | 2.5% | -2.5 |
| November | 1.3% | -4.0 |
| December | 1.6% | -4.3 |
| Average | 3.0% |
Data source
Data from WorldBank. Last updated: 06/01/2026.