Muscat, Over the 12 months to September 2018,
Price change for consumer goods and services (excluding housing) in
the Gulf Cooperation Council (GCC) countries rose by 4.6%, according
to figures released today by the Statistical Center for the Gulf
Cooperation Council (GCC-Stat).
The biggest increases were for Tobacco 21.0%, Transport
10.4%, Restaurant and Hotels by 6.7%, Food 4.1%, Recreation 3.3%,
Furnishings 3.2%, Health 2.7%, Education 2.4%, Communication 1.7%,
Miscellaneous 1.0%, and Clothing and Footwear 0.6%.
In terms of contributions to the 4.6 percent 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
GCC overall consumer price have decreased in September 2018
compared with the previous month by -0.2%. The most significant price
decrease during September 2018 were in Recreation -2.2%, Transport
-1.1%, Miscellaneous -0.7%, Communication and Restaurant and
Hotels by -0.1% each. In contrast, Clothing and Education
increased by 0.6% each, food and Furnishings 0.3% each and
Tobacco by 0.1%, while there is no change in prices of Health group
compared with the previous month.
Source: Oman News Agency