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
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
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
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
GCC wages are set to rise at an average of 5 per cent in 2015, rebounding from a brief dip to 4.8 per cent last year, a report said.
However, figures collected from general industry indicate that this rate of salary will descend b
Iranian banks agreed on Saturday to cut deposit and lending rates, the head of Iran's largest commercial bank said, after a sharp fall of inflation gave policymakers more room to pursue faster economic growth.
US consumer prices fell over the past year for the first time since 2009 as gasoline prices continued to tumble, which could allow a cautious Federal Reserve more room to hold off on raising interest rates.
Other data on Thursday
The inflation rates across the GCC region ranged between 3.1 per cent and 0.8 per cent last year, according to the latest reports by the Statistical Centre for the Co-operation Council for the Arab Countries of the Gulf (GCC-Stat).
Consumer inflation in the United Arab Emirates (UAE) jumped 3.7pc in January compared to the same period last year, according to the National Bureau of Statistics figures.
It's the highest rate of inflation since 2009.
A state handout to Saudi Arabian citizens to mark the accession of King Salman may push up some domestic prices but overall inflation is expected to stay stable in the current quarter, the central bank said in a quarterly report on Tuesday.