The introduction of value added tax (VAT) will increase inflation rates across the GCC, according to one-third of investment professionals, while over a quarter said that it will increase the cost of doing business, a report said.
Abu Dhabi recorded a consumer inflation of 3.2 per cent in January this year compared to the same period last year, data released by Abu Dhabi Statistics Centre said.
The UAE emirate has changed the base year for the data series t
US consumer spending rose solidly in January and underlying inflation picked up by the most in four years, keeping Federal Reserve interest rate increases on the table this year.
The upbeat data on Friday added to reports on manuf
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