Muscat, Over the 12 months to June 2018, Price change for consumer goods and services (excluding housing) in the GCC countries rose by 4.2%, according to figures released today by GCC-Stat, the Statistical Center for the Cooperation Council of the Arab Countries of the Gulf.

The biggest increases were for Tobacco 20.5%, Transport 9.4%, Restaurant and Hotels by 5.9%, Recreation 4.0%, Food 3.7%, Education 2.9%, Health 2.5%, Communication and Miscellaneous 2.1% each, and Furnishings 2.0%. On the other hand, Clothing and Footwear fell by 1.3%.

In terms of contributions to the 4.2 percent annual increase, Transport contributed 1.5 percentage points, Food 1.0 percentage points, Restaurant and Hotels 0.5 percentage points, Education 0.3 percentage points, and Tobacco, Furnishings, Recreation and Miscellaneous 0.2 percentage points each, Health and Communication 0.1 percentage points each. In contrast, The Clothing and Footwear contributed by 0.1 percentage points.

Over the 12 months to June 2018, the country contributions to overall GCC consumer price change were UAE 2.1 percentage points, Saudi Arabia 1.7 percentage points, Bahrain, Oman, Qatar and Kuwait contributed 0.1 percentage points each.

GCC overall consumer price have increased in June 2018 compared with the previous month by 0.6%. The most significant price rises during June 2018 were in Transport 1.4%, food 1.0%, Clothing and Footwear 0.8%, Recreation 0.3% and Furnishings by 0.2%. In contrast, Communication and Miscellaneous fell by -0.1% each.

Source: Oman News Agency