Inflation in GCC Member States Ranges From 1.53% to 2.8%

Muscat,June 08 (QNA) – Latest reports released by the Statistical Centre for the Cooperation Council for the Arab Countries of the Gulf (GCC-Stat) show inflation rates increased across the GCC region between 1.53 per cent and 2.8 per cent over a 12-month period through April 2014.

Qatar topped the list with an inflation rate of 2.8 per cent for the same period, followed by Kuwait with 2.72 per cent, Saudi Arabia with 2.7 per cent, the UAE with 2.12 per cent, Bahrain with 1.9 per cent, and Oman with 1.53 per cent, reported Gulf News daily on Sunday.

When weighed against March 2014 figures, Oman topped the list with an increase of 0.58 per cent, followed by 0.3 per cent in Saudi Arabia, 0.25 per cent in the UAE, 0.2 per cent in Qatar, and 0.08 per cent in Kuwait. Bahrain was the only country in the GCC region to witness decline in inflation rates where it recorded 0.7 per cent in the month of April 2014, compared to the previous month.(QNA)

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