(MENAFN- Muscat Daily) Muscat- Prices of consumer goods and services (excluding housing) rose 4.8 per cent in the GCC countries in August this year compared to the same month a year ago, according to figures released by GCC-Stat, the statistical centre for the GCC countries.
The biggest increases were recorded in the prices of tobacco (20.8 per cent), transport (12 per cent), restaurant and hotels(6.8 per cent), recreation (4.9 per cent) and food products(4.1 per cent) during the 12 months period ended August 31, 2018.
Over the 12 months to August 2018, the UAE contributed for 2.6 percentage points to the overall price increase in the GCC, while Saudi Arabia contributed for 1.9 percentage points. Contributions by Bahrain, Oman, Qatar and Kuwait were just 0.1 percentage point each.
The GCC's overall consumer price increased in August 2018 compared with the previous month by 0.1 per cent. Most significant price rises during August 2018 were recorded in transport, education, and restaurant and hotels categories.
MENAFN1810201801410000ID1097586676
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.