The cost of living in Quatar has shown a spike in January 2011 at 1.6%. There is a lot of information and research that people need to have access to have access to before they decide to move to Doha, Quatar and the Middle East.
Online PR News – 25-March-2011 – – The cost of living in Quatar has shown a spike in January 2011 at 1.6%. There is a lot of information and research that people need to have access to have access to before they decide to move to Doha, Quatar and the Middle East. All the required details about the trends and the cost of living in these places can be readily obtained from the company Online Qatar. Apart from plenty of miscellaneous information that visitors and readers find immensely helpful, relevant and useful, their portal also has information regarding the salaries, employments contracts, business and working hours, theatres and cinemas, night life, TV channels, emergency phone numbers, public holidays, newspapers, etc in Quatar.
The recent spike in the cost of food and transport has increased consumer prices by 0.4% over a time period of two to three months with the country finally returning to a state of inflation from a continuous period of deflation. The overall rate of deflation is estimated to be 2.4% for 2010. One of the key factors that is hampering the growth rate of inflation is the continually high costs of housing that have not exhibited a downward trend despite the economic and financial tremors that the region underwent in recent times.
The disturbing political situation in countries like Tunisia and Egypt, Oman, Libya and Bahrain can also be attributed the increasing costs of real estate. With a population of 350,000 Qatar having a per capita income of $75,000, it is obvious that the cost of transport and accommodation can be borne by a very small segment of the population. In fact, studies show that transport costs account for a massive 21% of the consumer costs and this has increased by nearly 3% every month since January 2011, which is by far one of the fastest spikes in transport costs and pricing.
Though there is a choice of accommodation and people can choose the lifestyle that the can afford, Quatar is a relatively less expensive place with the government offering the people free water, electricity and phones lines for their homes and zero taxes.