Prices and Indices
Price indices are one of the key indicators used in economic and planning studies. In addition, they reflect the changes in the structure of the production and consumer sectors in society. Price indices are statistical indicators to measure the price changes of goods and services between two given periods of time compared to a given base year. The indices are a measure used by countries to know the general cost of living.
Among the most important produced and published indices are the consumer price index, the producer price index, the industrial production index and the machinery and equipment price index. The consumer price index in the State of Qatar is considered one of the major economic indicators that reflect changes in prices, as well as inflation rates that affect positively or negatively on income levels and the standard of living.
