Saudi Arabia’s headline inflation is likely to remain at remain between 2.0 per cent to 2.5 per cent during the rest of the year, according to a new report from NCB, the largest bank by asset in the Arab world.
Broad money s
Bahrain’s inflation slowed last month to 1.1 per cent as food prices fell, data from the Central Informatics Organisation showed. The housing and utility costs, which account for 24 per cent of consumer expenses, rose 2.3 per cent from a
The inflation in UAE rose 4.43 per cent in the 12 months to July, up from 4.2 per cent in June, led by a 10 per cent increase in housing and fuel costs, according to a report.
It grew at its fastest rate since
China's currency devaluation bombshell this week blew apart the growing consensus that global inflation had bottomed out and was slowly moving higher, forcing investors to reconsider their assumptions on a wide range of financial markets.
Last Wednesday, the UAE announced gasoline and diesel price deregulation starting August 1, effectively phasing out fuel subsidies. The measures are credit positive for the UAE and Abu Dhabi, a Moody’s report said.
Kuwait's statistics office reported consumer price for June jumping up by 3.5 per cent year-on-year, showing inflation at its highest since April 2012.
Prices of food and beverages, which account for over 8 per cent of the basket, r
Egypt's annual urban consumer inflation and core inflation dropped in June after rising last month, with analysts saying the fall reflected slower growth in food prices.
Urban consumer inflation dropped to 11.4 per cent from 1
Dubai's annual inflation rate rose 4.7 per cent in May, its highest level since 2009, data showed on Sunday.
The housing and utility costs, which account for almost 44 per cent of consumer expenses, jumped 7.8 per cent from a
Annual inflation in the UAE slowed down slightly after hitting a six-year-high in March, data from the country's National Bureau of Statistics said.
The inflation rose 4.2 per cent in April this year compared to the same month
Gold rose on Friday as the dollar's rally stalled ahead of US inflation data, but it was still on course for its biggest weekly decline in four weeks.
Spot gold rose 0.5 per cent to $1,211.98 an ounce by 1001 GMT. It was down