Rising prices of building materials and other raw materials, as well as higher domestic transport and logistics costs, could signal hardening of inflation in Qatar, according to Standard Chartered bank.
Qatar will face numerous challenges in the run-up to FIFA 2022. Logistical challenges will be one, as the country will need to source significant amounts of goods (primarily building materials) and construction equipment to support the upcoming building boom, it said in a report.
“This is likely to translate into inflationary pressure in certain sectors of the economy. We expect the prices of building materials and certain raw materials to begin to rise; domestic transport and logistics costs are also likely to feel the pressure,” the bank said.
Read more: http://www.gulf-times.com/business/191/details/345913/stanchart-sees-qatar-inflation-hardening
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