You are here: Home » International » News » Economy
Business Standard

Arab states' sanctions boost food prices, hurt real estate in Qatar in July

But the impact is not to the point of damaging the Qatar economy severely

Reuters  |  Dubai 

Sanctions imposed by other Arab states are continuing to push up food prices in Qatar while hurting the real estate market, but not to the point of damaging the economy severely, according to inflation figures released by the government on Tuesday. The annual inflation rate fell back sharply to 0.2 per cent in July. It had spiked to 0.8 per cent in June from 0.1 per cent in May after Saudi Arabia, the United Arab Emirates (UAE), Bahrain and Egypt cut diplomatic and transport ties with Qatar on June 5, accusing it of supporting terrorism, which Doha denies. By closing Qatar's ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, August 15 2017. 21:41 IST