Muscat, April 2017:
I. Aggregate GCC inflation ( non-housing)
Annual inflation, the 12-month change in the GCC non-housing CPI, increased from 0.7% in January 2017 to 1.1% in February 2017. Transporting and Miscellaneous groups contributed the most (0.5% each) of the 1.1% inflation, followed by Education group 0.3%, Furnishing contributed (0.2%), Tobacco, Health and Communication group (0.1% each), while Food group contributed by (-0.5%). For the countries, UAE contributed 1.13% of the overall inflation, followed by Kuwait 0.15%, Oman 0.14%, Qatar 0.05% while Saudi Arabia contributed by (-0.33%) and Bahrain (-0.01%). The highest group-level inflation in the GCC was in the Tobacco group at 13.8%.