Saudi Arabia's inflation rate in April may edge slightly higher and continue on an upward trajectory during the second quarter as the food and beverage category represent a weight of 21.7 per cent in the inflation index, said leading Saudi l
Saudi Arabia's inflation slowed to a four-year low of 5 per cent on average last year despite record government spending, while living costs in Qatar rose 1.9 per cent after two years of deflation, data showed on Saturday.
Annual consumer price inflation in Qatar rose to 2.2 per cent in September because of a jump in food costs, reaching its highest level since at least the beginning of 2010, when the Statistics Authority began publishing year-on-year data.
Annual deflation in Bahrain eased to 0.2 percent in August, the smallest price drop in six months. Prices jumped 1.3 percent from the previous month helped by a rise in food costs, data from the Central Informatics Organisation showed on Tuesday .
Annual inflation in Oman hit the highest level in 25 months in May due to a rise in food prices, data showed on Saturday, while living costs in Saudi Arabia in June rose slightly from the previous month on food and housing components.
Qatar's inflation edged up to 1.7 per cent on an annual basis in May, matching its level from March, data from the Gulf country's statistics authority showed.
The consumer prices were 0.2 per cent higher month-on-month in May
Governments should scrap policies to support biofuels because they are forcing up global food prices, according to a report by 10 international agencies including the World Bank and World Trade Organization.
The report adds to growing oppo
Saudi Arabia's central bank expects to see moderate inflationary pressures in the Gulf oil producer in the second quarter of this year, it said in a quarterly inflation report on Wednesday.
Inflation in the world's top oil exporter has eas
Iraq's core annual inflation rate rose to 6.1 per cent in April from 5.7 per cent in March, mainly driven by food and service costs, senior central bank advisor Mudher Kasim told Reuters on Monday.
Iraq's central bank said in April
Bahrain's annual inflation eased in January to its lowest level since at least 2007 and prices edged up from the previous month helped by higher transport costs, data showed.
Inflation in Bahrain has been holding in low single digits o