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Saudi inflation growth in December hits new lowSaudi Arabia saw inflation grow by the slowest pace at least since 2012, by 1.7 per cent year-on-year (y-o-y) versus 2.3 per cent y-o-y in November, mainly owing to the fall in food prices, a report said. Inflation in December gre More… |
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Kuwait inflation eases to 2.7pc on food pricesKuwait's annual inflation rate eased to 2.7 per cent in April slowing down slightly from three per cent y/y in March, said a report. The cool down in inflation, which rose to three per cent in March, was mostly attributed to the ong More… |
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Turkey raises inflation forecasts for 2013, 2014Turkey's central bank raised its inflation forecasts for the end of this year and next on Tuesday, saying exchange rate volatility posed a threat to prices, and said it may cut its annual growth forecast. The bank hiked its mi More… |
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Kuwait inflation cools, but food prices a worryWith food price inflation slowing in Kuwait, a major source of upward pressure has abated. However, the recent pick-up in global food prices suggests that inflationary pressures in this category could yet return, said a report. Th More… |
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Saudi Arabia's May inflation eases to 5.1pcSaudi Arabia's annual inflation eased to a nine-month low of 5.1 per cent in May, despite a slight rise in food and housing prices, official data showed on Saturday. Consumer prices slowed to 5.1 percent in May from 5.3 per cent in the sam More… |
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Global food prices easing, volatility highGlobal food prices are set to decline further in 2012 as a weaker world economy dampens consumer demand while food supplies rise, the World Bank said . However, it warned that a possible rise in oil prices could reverse the trend. More… |
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Global food prices easing, volatility highGlobal food prices are set to decline further in 2012 as a weaker world economy dampens consumer demand while food supplies rise, the World Bank said . However, it warned that a possible rise in oil prices could reverse the trend. More… |
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Qatar inflation hits 20-month high in AugQatar's annual inflation for August reached its highest level since at least January 2010, hitting 2.1 per cent year-on-year, data from the Gulf country's statistics authority showed on Wednesday. Consumer prices rose to 0.2 per ce More… |
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Deal to curb food price volatility in sightG20 members were on the verge of signing an agreement on Thursday over measures to curb volatility in staple food prices after late-night talks yielded progress in the first-ever farm meeting of the Group of 20 major economies. The final More… |
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Food price poses threat to global growthFood, not oil, may prove to be the bigger threat to global growth, with the pain falling disproportionately upon the developing economies that powered the latest economic recovery. Assuming Saudi Arabia's oil flows unimp More… |
