DOHA: A vast majority (77.2 percent) of households interviewed as part of a Consumer Confidence Index survey have said they believed that there wouldn’t be any reprieve from the price rise in the next 12 months.
Only a minority of those surveyed (some 2.6 percent) said they thought the rate of inflation would look downwards in a year from now while 16.5 percent of respondents said the price situation could remain unchanged.
The Ministry of Development Planning and Statistics has released the findings of Qatar’s Consumer Confidence Index survey for the first quarter of 2015.
However, 70.7 percent of the respondents said ‘yes’ when asked if they thought that Qatar’s economy had improved in the past 12 months (since March 2014), while 3.3 percent said it had worsened and a fifth (21 percent) said it was unchanged.
Again, a majority of the surveyed (64.5 percent) said the prices had gone up in the country in the past one year and that was why their financial condition had worsened in the past 12 months, whereas 3.2 percent said they had no work.
The households were asked if their financial condition had improved or worsened in the past 12 months.
Some 19.4 percent said their financial situation had worsened as their family expenses had gone up.
And some 44.8 percent families said their financial situation had improved in the past year while 48.3 percent said their financial status remained unchanged.
The Peninsula
