Monday 14 July 2014
 
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inflation

Oman sees May inflation at new high

Oman's inflation remained at 1.5 per cent on an annual basis in May, its highest level this year, data from the National Center for Statistics and Information showed.      The prices of food and non-alcoho

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Oman scraps price controls for most goods

Oman has scrapped price controls for all but 23 basic products, prompting rare public criticism of government policy, after companies demanded freer markets. Economists said the move was unlikely to have a major impact on inflation.

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Dubai May inflation eases to 2.8pc year-on-year

Consumer inflation in Dubai during May eased down to 2.8 per cent year-on-year, according to figures released by Dubai Statistics Center. Housing and utility costs, which account for almost 44 percent of consumer expenses, rose 4.

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Kuwait inflation eases to 2.7pc on food prices

Kuwait's annual inflation rate eased to 2.7 per cent in April slowing down slightly from three per cent y/y in March, said a report. The cool down in inflation, which rose to three per cent in March, was mostly attributed to the ong

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Abu Dhabi inflation edges down in May

Abu Dhabi's inflation edged to 2.8 per cent in May compared to 2.9 per cent the previous month, said a report. The housing and utility costs, which account for 38 per cent of consumer expenses, surged 2.7 per cent year-on-year

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Egypt core inflation slows to 8.86pc in May

Egypt's annual core inflation rate, which strips out subsidised goods and volatile items including fruit and vegetables, slowed to 8.86 per cent in May from 9.11 per cent in April, the central bank said on Tuesday.  

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Kuwait tops in GCC inflation, Oman lowest

Kuwait registered the highest rate of inflation among the GCC countries with an increase of 2.96 per cent, followed by Saudi Arabia and Qatar with 2.6 per cent in the first quarter, said a report. Bahrain saw its inflation grow 2.

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Saudi cbank sees gradual easing of inflation

Saudi Arabia's central bank expects the annual inflation rate to continue easing gradually in the second quarter of this year, it said in a report on Tuesday. "Because of the constant decline in inflation rates in most of

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Abu Dhabi inflation surges to three-year high

Abu Dhabi's inflation surged 2.9 per cent in April, the highest level since February 2011, according to figures released by the emirate's statistics centre. The housing and utility costs, which account for almost 38 per ce

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Inflation hits record low in Yemen

Yemen's annual inflation rate eased to 6.7 per cent in February, its lowest level since December 2012, mainly due to reduced pressure from often volatile prices for food, tobacco and mild stimulant qat leaf, central bank data showed.

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