President Nicolas Maduro's government predicted on Tuesday that Venezuela's inflation, already the world's highest, would be 85 per cent in 2015 and 60 per cent next year.
Though high, those figures are conservative co
Inflation in the United Arab Emirates eased to 4.3 per cent in September, according to consumer price data released by the National Bureau of Statistics.
The data showed inflation easing from August, which saw the highest annual r
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