GCC Consumer Prices Rise 4.2 Percent in October 2018

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