Inflation that is approaching 10 per cent poses a serious threat to the economy because it lowers the growth potential, Turkish Deputy Prime Minister Mehmet Simsek said, citing weakness in the lira and food prices for sparking inflation.
Kuwait's annual headline inflation is on track to average close to 3.3 per cent in 2015, slightly higher than the three per cent annual average in 2014, said a report.
Inflation in consumer prices came in marginally lower in N
Economic growth is losing momentum across emerging and developed economies as is inflation, with trouble in China now the biggest worry for 2016, according to the overwhelming majority of hundreds of economists polled by Reuters around the wor
Egypt's urban consumer inflation jumped to its highest level since June, propelled by the rising cost of food, but recent state interventions is likely to make the increase short-lived, analysts said.
Prices rose 11.1 per cent
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