Wednesday 2 September 2015
 
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inflation

Bahrain inflation slows to 1.1pc in July

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

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UAE inflation climbs to 4.4pc in July

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

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China's FX move raises question: where's the inflation?

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.

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Fuel subsidy reform is credit positive for UAE

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. The measu

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Kuwait inflation hits all-time high in June

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

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Egypt's annual core, urban inflation drops in June

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

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Dubai inflation hits six-year high in May

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

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UAE inflation rise slows in April

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

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Gold up on softer dollar, but set for biggest weekly drop

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

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Bahrain inflation drops 0.6pc in April

The consumer price index in Bahrain dropped by 0.6 per cent to 122.8 points last month compared with 123.6 in March last year. The index had risen by 2.2 per cent last month to 122.8 points, from 120.1 in April last year, said a r

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