Inflation Qatar 2024
Average inflation: 1.3%
Current Inflation
Inflation is low at 1.3%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in January at 3.1%. The lowest inflation was in December at 0.2%.
- Highest month
- January: 3.1%
- Lowest month
- December: 0.2%
- Difference
- 2.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Core inflation with an average of 2.2%. The lowest price increase was in Energy with an average of -3.3%.
- Highest increase
- Core inflation: 2.2%
- Lowest increase
- Energy: -3.3%
Historical Context
Current inflation is 0.5% lower than the 5-year average of 1.8%.
- 5-year average
- 1.8%
- 10-year average
- 1.4%
- All-time high (2022)
- 5%
- All-time low (2020)
- -2.5%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +1.7 percentage point.
- Change vs. previous year
- -1.7 percentage points
- Largest monthly swing
- April: -3.6 percentage points
ECB Target
Inflation is 0.7% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.30 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 3.1% | -1.1 |
| February | 2.8% | -1.6 |
| March | 1.1% | -3.0 |
| April | 0.9% | -3.6 |
| May | 1.1% | -2.3 |
| June | 1.1% | -2.1 |
| July | 0.4% | -2.7 |
| August | 1.3% | -1.1 |
| September | 1.2% | -0.6 |
| October | 1.0% | -1.5 |
| November | 1.0% | -0.3 |
| December | 0.2% | -1.4 |
| Average | 1.3% |
Data source
Data from WorldBank. Last updated: 06/01/2026.