Mubasher: The consumer price index (CPI) in the GCC, excluding the residential prices, grew 4.3% year-on-year during 2018.
Inflation in the GCC, excluding the residences segment, recorded 135.2 points in November, compared to 129.6 in the comparative month in 2017, according to a report released by the GCC-STAT.
Month-on-month, the GCC’s CPI lost 0.1% in Nonmember, the report found.
Saudi Arabian contribution to the GCC’s CPI registered 5%, while the UAE’s share of the inflation in the region reached 6%.
Top segments which underwent price increases were tobacco (50%), transportation (9.1%), restaurants and hotels (6.7%), and foods beverages, the GCC-STAT’s data showed.
All Rights Reserved - Mubasher Info © 2005 - 2018 Provided by SyndiGate Media Inc. ( www.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.