Muscat, Over the 12 months to October 2018, price
change for consumer goods and services (excluding housing) in the
Gulf Cooperation Council (GCC) countries rose by 4.2%, according to
figures released today by the GCC Statistical Center.
The biggest increases were registered for tobacco 10.2%, transport
9.1%, restaurant and hotels by 6.5%, food 4.2%, recreation 3.2%,
furnishings 3.1%, health 2.6%, education 2.0%, communication 1.6%,
miscellaneous 0.8%, and clothing and footwear 0.7%.
In terms of contributions to the 4.2% annual increase, transport
contributed 1.5%, food 1.1%, restaurant and hotels 0.5%, furnishings
0.3%, education 0.2%, tobacco, health, communication,
recreation and miscellaneous 0.1% each.
Over the 12 months till October 2018, the country contributions to
overall GCC consumer price change were Saudi Arabia 2.3%, UAE
1.7%, the Sultanate and Kuwait 0.1% each while there is no
contribution recorded in Bahrain and Qatar this month.
The GCC overall consumer price decreased in October 2018
compared with the previous month by -0.2%. The most significant price
decrease during October 2018 were in transport -0.9%, miscellaneous
-0.3%, furnishings -0.2%, clothing, health and restaurant and
hotels by -0.1% each. In contrast, Food and Education prices
increased by 0.2% each while there is no change in prices of
Tobacco, Communication and Recreation compared with the
previous month.
The most significant price decrease during October 2018 were in
transport -0.9%, miscellaneous -0.3%, furnishings -0.2%, clothing,
health and restaurant and hotels by -0.1% each. In contrast, Food
and Education prices increased by 0.2% each while there is no
change in prices of Tobacco, Communication and Recreation
compared with the previous month.
Source: Oman News Agency