Mubasher: Inflation's rate in the GCC nations remained unchanged during January, compared to the same month in 2018, The Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) data revealed on Sunday.
Inflation’s unchange occurred amid a rise in seven sections, excluding housing section, led by tobacco which levelled up 2.9%, whereas transportation section led losers with 2.8%, GCC-Stat’s data added.
Month-on-month, GCC’s inflation shed 0.1% in January, compared to December 2018.
The monthly drop was attributed to a 2.3% decline in transportation section, and a 0.4% decrease in clothes and footwear section.
On the other hand, prices of the tobacco section rose 1.9% in January, compared to December 2018, whereas health section remained stable at 120.4 points.
All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. (Syndigate.info).
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.© Mubasher 2019