Rising rentals and prices adding to inflation in Qatar
Rising rentals coupled with the increasing prices of garment and footwear are, in turn, adding to inflationary pressure in the country.
Prices rose 2.7 percent year-on-year until February driven largely by rents that soared more than double that ratio — at 5.8 percent, latest figures released by the Ministry of Development Planning and Statistics (MDPS) show.
Consumer Price Index (CPI) figures released by the Ministry for February reflect that in a month rents, and the prices of garments and footwear, each have increased 0.9 percent.
The overall CPI of February 2014 increased by 0.5 percent compared to the one of January 2014.
Except transport and communications, whose prices have witnessed a marginal decline of 0.1 percent in February compared to January (2014), the prices of textiles, food, furniture and entertainment services have also been under pressure as all these categories show an increase in varying degrees.
The cost of furniture, textiles, and home appliances rose 3.9 percent, while that of entertainment, recreation and culture by 3.2 percent (year-on-year).
Garments and footwear became 2.4 percent expensive in a year.
Health services weren’t spared as they showed an increase of 1.4 percent in February 2014 compared to February 2013.
Rents, clubbed with energy and fuel, account for the largest weight of 32.2 percent in the CPI basket, followed by transport and communications, with a share of 20.5 percent — the latter also became 1.6 percent costlier in a year.
The weight of food, tobacco and beverages in the CPI basket is 13.2 percent.
The three categories (rents, food, transport and communications) put together account for three-fourth of the CPI basket.
Simply put, some 66 percent of a family’s monthly household expenses are incurred on rent, food and transport and communications alone.
The prices of all these categories, barring transport and communications, have recently been looking up.
Source: The Peninsula Qatar | Image: i.dawn.com
@Fubar, come on man. how can we ask our Boss if he don't increase our salary? Our bosses are from superpower countries. They don't even care about the law here therefor we can't even complain. 4 years no increment man. Many employees left the country they don't even get NOC. so cheap...every year i read the news about salary increments this year bla bla.They can declare anything but they don't monitor if their announcement are being applied or not. who cares just say anything you want.
Folks ... Kindness is not finished yet ......
There 'r people who are through generous & giving type and they won't change .....
I wish long life to them and their dependents ....... !!!
Tue, 18.03.2014 , 10.35 hrs ...
Who were recurited at higher salary band might be skipped for the raise till they reach the highest level of the band .... that's my fear .....
Tue, 18.03.2014 , 10.30 hrs ...
"And when your friends come to dinner and ask for a meal in return for a meal they prepared for you, just don't answer the door. Or say you're sick, and ignore them!"...rofl.
Guess the friends of such people wouldnt be opening the doors either. Afterall only a freeloader can be a freeloaders friend...:)
Here's some good news. Workers in Qatar can expect a 6.7% pay rise this year. If you don't get a rise, ask your boss why not!
Doha: Employment opportunities and salaries in Qatar are expected to rise faster than last year, according to a survey released by online recruitment firm, GulfTalent yesterday.
According to the 2014 edition of ‘Employment and Salary Trends in the Gulf’, 75 percent of companies in Qatar will create jobs this year while average pay increase is expected to be 6.7 percent.
“The positive development is primarily due to the execution of major infrastructure projects gathering momentum, partly in preparation for the 2022 World Cup.
http://thepeninsulaqatar.com/news/qatar/276438/average-6-7pc-pay-increase-likely-this-year-gulftalent
@Fubar i can smell..your daily meal is chapati and kubos all the time which is the cheapest here in qatar, that's why you don't care even the prices has reached over the roof! LOL
Qatar!! please force the private companies to increase our salaries too. It will be highly appriciated.
Thanks in advance...
And when your friends come to dinner and ask for a meal in return for a meal they prepared for you, just don't answer the door. Or say you're sick, and ignore them!
"Visit your relatives / friends / neighbours & colleagues and boss for dinner more frequently to further reduce your food bills ..... " from MM
I am contemplating on this suggestion :D
Compulsory 10% pay rise in 2008/2009? Where was I that day?!
Visit your relatives / friends / neighbours & colleagues and boss for dinner more frequently to further reduce your food bills .....
Mon , 17.03.2014 , 11.08 hrs ..
Khubas , onions , cauliflower , cabbage are constantly at a humble range ...
Mon , 17.03.2014 , 11.06 hrs ..
Java , Become a partner in one grocery shop ...
Mon , 17.03.2014 , 11.06 hrs ..
We all have the same sentiments.
Lets just hope that the local government or respective ministry in the country will have again the initiative to ordered all companies to give a compulsory 10% or more salary increment as they did way back 2008 or 2009.
I'm not complaining. I live in the richest country in the world, so I have no concerns about expenses.
@Dhawood19. I have the same sentiment. Thank you for voicing out loud :)
Fubar, If you are serious control your expenses here by 13 % ......
'' .... The weight of food, tobacco and beverages in the CPI basket is 13.2 percent.....''
Mon , 17.03.2014 , 08.40 hrs ...
The prices are to high really this is not good.I don't like to live in Qatar because of this god dam expensive life.
You take high payment, but you spent double 2x more than you're monthly payment
living in uk or us is cheaper then Qatar, i'm moving out.
@Dhawood - U spoke outta everybody's heart. lol
Its like the cost of living is already less. ;)
To:
The Manager HR, Admin & Operations Dept
Sub: Kindly Refer the Above Article and Do Consider the "Salary Increment" with immediate Effect.
Thanking you,
Qlrs Doha Qatar.
Of course rents are expensive in Qatar. This is the richest country in the world!