Con­sumer prices in Gulf coun­tries up by 4.6 per cent: Re­port

Times of Oman - - MARKET -

MUS­CAT: Price change for con­sumer goods and ser­vices (ex­clud­ing hous­ing) in the Gulf Co­op­er­a­tion Coun­cil (GCC) coun­tries rose by 4.6 per cent over the 12 months pe­riod to Septem­ber 2018, ac­cord­ing to fig­ures re­leased on Tues­day by the Sta­tis­ti­cal Cen­tre for the Gulf Co­op­er­a­tion Coun­cil (GCC-Stat).

The big­gest in­creases were for to­bacco 21.0 per cent, trans­port 10.4 per cent, restau­rant and ho­tels by 6.7 per cent, food 4.1 per cent, re­cre­ation 3.3 per cent, fur­nish­ings 3.2 per cent, health 2.7 per cent, ed­u­ca­tion 2.4 per cent, com­mu­ni­ca­tion 1.7 per cent, mis­cel­la­neous 1.0 per cent, and cloth­ing and footwear 0.6 per cent.

In terms of con­tri­bu­tions to the 4.6 per cent an­nual in­crease, trans­port con­tributed 1.7 per­cent­age points, food 1.1 per­cent­age points, restau­rant and ho­tels 0.5 per­cent­age points, fur­nish­ings 0.3 per­cent­age points, to­bacco and ed­u­ca­tion, 0.2 per­cent­age points each, health, com­mu­ni­ca­tion, re­cre­ation and mis­cel­la­neous 0.1 per­cent­age points each.

Over the 12 months to Septem­ber 2018, the coun­try con­tri­bu­tions to over­all GCC con­sumer price change were UAE 2.2 per­cent­age points, Saudi Ara­bia 2.1 per­cent­age points, Kuwait 0.1 per­cent­age points, Bahrain, Oman and Qatar con­tributed 0.2 per­cent­age points.

Septem­ber prices

GCC over­all con­sumer prices have de­creased in Septem­ber 2018 com­pared with the pre­vi­ous month by -0.2 per cent.

The most sig­nif­i­cant price de­crease dur­ing Septem­ber 2018 were in Re­cre­ation -2.2 per cent, trans­port -1.1 per cent, mis­cel­la­neous -0.7 per cent, com­mu­ni­ca­tion and restau­rant and ho­tels by -0.1 per cent each.

In con­trast, cloth­ing” and ed­u­ca­tion in­creased by 0.6 per cent each, food and fur­nish­ings 0.3 per cent each and to­bacco by 0.1 per cent, while there was no change in prices of health group com­pared with the pre­vi­ous month.

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