Qatar CPI sees monthly drop in January as annual inflation rises 2.28% 

Qatar’s inflation remains relatively contained compared with wider global price swings. Shutterstock
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Updated 18 February 2026
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Qatar CPI sees monthly drop in January as annual inflation rises 2.28% 

JEDDAH: Qatar’s consumer price index climbed 2.28 percent in January from a year earlier, official data showed, while registering a 2.22 percent drop from the previous month.

The decline from December was led by an 11.97 percent drop in recreation and culture prices, alongside decreases in miscellaneous goods and services, restaurants and hotels, clothing, food and housing-related costs, Qatar News Agency reported, citing data from the National Planning Council. 

This was followed by miscellaneous goods and services at 3.46 percent, restaurants and hotels at 1.90 percent, clothing and footwear at 1.15 percent, food and beverages at 0.59 percent, and housing, water, electricity, gas, and other fuels at 0.17 percent. 

Qatar’s inflation remains relatively contained compared with wider global price swings, helped by stable housing costs and government subsidies. Across the region, trends are mixed, with Saudi inflation easing to 1.8 percent in January while Egypt’s annual rate slowed to 10.1 percent even as monthly prices jumped. 

“The annual increase, comparing January 2026 with the same month in 2025, was driven by rises in eight groups,” QNA reported, noting that the largest year-on-year increases were seen in miscellaneous goods and services, which rose 12.40 percent. 

Price increases were observed in the transport group at 0.54 percent, followed by communication at 0.32 percent and health at 0.27 percent. Furniture and household equipment rose 0.20 percent and education edged up 0.06 percent, while tobacco recorded no change. 

This was followed by recreation and culture at 4.90 percent and clothing and footwear at 3.25 percent. Food and beverages rose 2.87 percent, furniture and household equipment 2.37 percent, education 2.08 percent, housing and utilities 1.21 percent, and communication 0.40 percent. 

In contrast, QNA further reported, three groups saw annual declines: restaurants and hotels, down 2 percent; health, down 1.38 percent; and transport, down 0.48 percent, while the tobacco group remained unchanged. 

“When calculating the CPI for January 2026 excluding the housing, water, electricity, gas, and other fuels group, the index reached 114.57 points, down by 2.65 percent compared with December 2025, and up by 2.51 percent compared with January 2025,” the QNA report added. 

The index — which tracks inflation across 12 main expenditure groups covering 737 goods and services — is based on 2018 as the reference year, drawing on the Household Income and Expenditure Survey conducted in 2017–2018. 


European gas prices soar almost 50% as Iran conflict halts Qatar LNG output

Updated 02 March 2026
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European gas prices soar almost 50% as Iran conflict halts Qatar LNG output

  • Analysts warn prolonged disruption could push prices higher
  • Some shipments of oil, LNG through Strait of Hormuz suspended
  • Benchmark Asian LNG price up almost 39 percent

LONDON: ​Benchmark Dutch and British wholesale gas prices soared by almost 50 percent on Monday, after major liquefied natural gas exporter Qatar Energy said it had halted production due to attacks in the Middle East.

Qatar, soon to cement its role as the world’s second largest LNG exporter after the US, plays a major role in balancing both Asian and European markets’ demand of LNG.

Most tanker owners, oil majors and ‌trading houses ‌have suspended crude oil, fuel and liquefied natural ​gas shipments ‌via ⁠the ​Strait of ⁠Hormuz, trade sources said, after Tehran warned ships against moving through the waterway.

Europe has increased imports of LNG over the past few years as it seeks to phase out Russian gas following Russia’s invasion of Ukraine.

Around 20 percent of the world’s LNG transits through the Strait of Hormuz and a prolonged suspension or full closure would increase global competition for other ⁠sources of the gas, driving up prices internationally.

“Disruptions to ‌LNG flows would reignite competition between ‌Asia and Europe for available cargoes,” said ​Massimo Di Odoardo, vice president, gas ‌and LNG research at Wood Mackenzie.

The Dutch front-month contract at the ‌TTF hub, seen as a benchmark price for Europe, was up €14.56 at €46.52 per megawatt hour, or around $15.92/mmBtu, by 12:55 p.m. GMT, ICE data showed.

Prices were already some 25 percent higher earlier in the day but extended gains ‌after QatarEnergy’s production halt.

Benchmark Asian LNG prices jumped almost 39 percent on Monday morning with the S&P Global ⁠Energy Japan-Korea-Marker, widely used ⁠as an Asian LNG benchmark, at $15.068 per million British thermal units, Platts data showed.

“If LNG/gas markets start to price in an extended period of losses to Qatari LNG supply, TTF could potentially spike to 80-100 euros/MWh ($28-35/mmBtu),” Warren Patterson, head of commodities strategy at ING, said. The British April contract was up 40.83 pence at 119.40 pence per therm, ICE data showed.

Europe is also relying on LNG imports to help fill its gas storage sites which have been depleted over the winter and are currently around 30 percent full, the latest data from Gas Infrastructure ​Europe showed. In the European carbon ​market, the benchmark contract was down €1.10 at €69.17 a tonne