Britain's annual rate of consumer price inflation fell below zero for the first time in more than half a century, official figures showed on Tuesday, though Bank of England Governor Mark Carney said the dip was likely to be brief.
US consumer prices recorded their biggest decline in six years in December and a gauge of underlying inflation failed to rise, which could make the Federal Reserve more cautious about raising interest rates.
Other data yesterday,
Iran has stopped providing subsidised dollars for the import of most basic goods, Iranian media reported, a move that could push soaring consumer prices even higher in the run-up to a presidential election in June.
The Iranian ria
Housing and utility costs, which account for almost 44 percent of consumer expenses, fell 6.7 percent year-on-year and rose 0.1 percent month-on-month in November, according to figures released by Dubai Statistics Center.
Food prices we
Egypt's balance of payments deficit widened to $11.3 billion in the financial year to June from $9.8 billion in the previous year, preliminary figures from the central bank showed on Monday.
The country saw an exodus of foreig
Kuwait's annual inflation rate eased to a 25-month low of 2.8 per cent in May and prices edged down slightly from the previous month, mainly because of cheaper food, state news agency Kuna reported on Wednesday.
Inflation in the major oil
Kuwait’s economic growth is expected to slow to 6.6 per cent in 2012 from 8.25 per cent last year, a report said.
High oil revenues and prices have helped Kuwait generate large fiscal surpluses that have fed its growing public spending, Gu
A glut of property supply in Dubai contributed to the steepest fall in consumer prices since records began four years ago, as a housing bubble that burst in 2009 continued to be felt in the wider economy, data showed on Thursday.
Consumer prices in Bahrain rose 1.3 per cent on an annual basis in November, the highest level since February, but fell 0.3 per cent from October due to a drop in food costs, data from the Central Informatics Organisation showed on Tuesday.
Qatar'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