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Qatar October Consumer Prices Fall 0.76% on Rents

Dec. 6 (Bloomberg) -- Qatar’s consumer prices in October fell by the smallest amount this year amid a decline in rents.

Prices dropped 0.76 percent from a year earlier as rents decreased, according to an e-mailed statement by the Qatar Statistics Authority today. Rents, fuel and power fell 9.1 percent from October 2009, the authority said.

Consumer price declines have slowed since dropping 5.6 percent in January amid a pickup in economic growth. Consumer prices rose 0.13 percent from their September level, according to official data.

The price of food, drinks and tobacco rose 5.1 percent compared with a year earlier and the cost of entertainment gained 1.5 percent.

To contact the reporter on this story: Robert Tuttle in Doha at rtuttle@bloomberg.net.

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net.

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