Tuesday 16 September 2014
 
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inflation

Dubai inflation hits 5-year high in Aug

Dubai's inflation edged up to a five-year high of 3.5 per cent year-on-year in August from 3.4 per cent in the previous month, data from the emirate's statistics center showed. The housing and utility costs, which account

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Non-hydrocarbon growth to spur Qatar economy

Qatar’s real GDP growth will accelerate from 6.8 per cent in 2014 to 7.8 per cent in 2016 as the non-hydrocarbon sector expands at a double-digit pace on higher investment spending and a growing population, a report said. Th

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Bahrain inflation down 2.7pc in July

Bahrain's annual inflation rate eased to 2.7 per cent in July slowing down slightly from 3.1 per cent year-on-year in June, said a report.      Housing and utility costs, which account for 24 per cent of consumer

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GCC inflation rates up on higher housing prices

Inflation rates jumped across GCC states between 1.21 per cent and 3.1 per cent in the six months ending June this year, driven by higher housing and utility costs. The latest inflation figures issued by the Statistical Centre for

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GCC inflation rates up on higher housing prices

Inflation rates jumped across GCC states between 1.21 per cent and 3.1 per cent in the six months ending June this year, driven by higher housing and utility costs. The latest inflation figures issued by the Statistical Centre for

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Factory output boosts US economic outlook

US manufacturing output rose broadly in July and automobile production recorded its largest increase in five years, boosting the economy at the start of the third quarter. While other data on Friday showed some cooling in factory

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Abu Dhabi inflation jumps 3.8pc

Abu Dhabi's inflation jumped to 3.8 per cent in June, the highest rate since November 2010, according to the consumer price data released by the Abu Dhabi Statistics Centre. Furnishings, household equipment and routine househo

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Saudi inflation stays unchanged

Saudi Arabia’s inflation rate remained unchanged at 2.7 percent, year-on-year, for the third consecutive month in June, a report said.   Foodstuffs and housing and related services remain the main sources of inflation d

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Oman sees May inflation at new high

Oman's inflation remained at 1.5 per cent on an annual basis in May, its highest level this year, data from the National Center for Statistics and Information showed.      The prices of food and non-alcoho

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Oman scraps price controls for most goods

Oman has scrapped price controls for all but 23 basic products, prompting rare public criticism of government policy, after companies demanded freer markets. Economists said the move was unlikely to have a major impact on inflation.

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