Rise in consumer goods and services prices in GCC countries last May

Muscat – Sh.

Data published by the GCC Statistical Center indicate that consumption in the GCC countries In May 2018 compared to the same month of the previous year 4.

3% (excluding housing).

According to figures released today by the Gulf Cooperation Council Country Statistics Center, the tobacco group grew by 55.2, Transportation Group by 9.5%, and Restaurant and Group D's. 39, art 5.9%, food and beverages group 3.5%, culture and leisure group 3.2%, education group 2.9%, health group 2.5%, miscellaneous goods and services 2.4%, group 2.0% telecommunications In terms of major group contributions to the Gulf's overall inflation, the transportation group in May 2018 contributed the most 1.6 percentage points to the overall rate of growth. Gulf inflation 4.3% The group of food and beverages also contributed up to 0.9 percentage points And the group of restaurants and hotels by 0.5 percentage point each, the group of l 39; 0.3 percentage point education and furniture and miscellaneous goods and services 0.2 percentage point each, while the clothing group and other ent and footwear

In terms of contribution of the six GCC countries to the general inflation of May 2018, the United Arab Emirates contribution of 2.2 points of overall Gulf inflation of 4.3%, followed by Saudi Arabia by 1.8% percentage points, and both the Kingdom of Bahrain and Oman Center data indicate that consumer prices in the GCC countries are stabilized in May 2018 compared with the previous month at the global level despite the rise in prices of certain groups: Transport Group of 1.0% On the other hand, the prices of the food and beverages group fell by -0.7%, and those of the "Communications" and "Culture and Entertainment" group of -0.2% each, while those of the rest of the groups