Mubasher: Inflation index in the GCC states for October 2015 recorded rates ranging between -0.43% in the Sultanate of Oman and +3.68% in the United Arab Emirates (UAE) compared with the same month in 2014, showed statistics released by the GCC Statistical Centre (GCC-Stat).
The UAE saw the highest inflation rate compared with other GCC states, as it accelerated to 3.68%. It was followed by Kuwait (3.21%), then Saudi Arabia (2.4%), Bahrain (2.3%) and Qatar (1.7%). Meanwhile, Oman inflation rate eased by 0.43%.
While comparing the inflation index during October and September 2015, Bahrain recorded the highest rate by 0.6%, the KSA by 0.3%, Qatar by 0.2% and Kuwait by 0.07%. The inflation index recorded a decline by 0.48% in the UAE and 0.21% in the Sultanate of Oman.
Foods and beverages group recorded a rise in the most GCC countries during October 2015 compared with the same month last year.
Inflation in Bahrain rose by 0.6% compared with September 2015, followed by Saudi Arabia (0.3%), Qatar (0.2%) and Kuwait (0.07%). Meanwhile, it fell by 0.48% and 0.21% in the UAE and Oman respectively.
