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Dubai: Annual inflation in Qatar reached a peak of 15 per cent earlier this year before falling back to the 2007 average of 13.7 per cent, the country's finance minister said.
"My government is trying to keep inflation at not more than it is today," Youssef Hussein Kamal told London-based MEED magazine. "I think inflation is now 13.7 per cent from the peak of 15 per cent."
Seventy percent of the country's inflation rate was now driven by domestic factors, MEED said, citing Kamal without providing a direct quote.
Qatar is reviewing policy options in a bid to cut government spending and control inflation, the weekly magazine said in the same report, citing Ibrahim Al Ibrahim, economic adviser to Emir Shaikh Hamad Bin Khalifa Al Thani.
"We are restructuring our government to make sure there is no inefficiency or weakness," Ibrahim said. "We have to define priorities."
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