Qatar deflation deepens as real estate market weakens

Qatar deflation deepens as real estate market weakens:

"Qatar’s consumer price deflation deepened in September as a downturn in the real estate market deepened because of economic sanctions imposed by other Arab states, official data showed on Saturday.

Consumer prices fell 0.5 percent from a year earlier last month, after a 0.4 percent drop in August that was the first fall since at least early 2015, when the current data series began.

Housing and utility prices sank 4.7 percent from a year ago in September, their biggest drop for at least several years, and fell 0.7 percent from the previous month. In August, prices had slipped 4.0 percent from a year earlier."



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