The development of price and short-term indicators

The development and production of the Harmonized Consumer Price Index (CPI) to measure inflation in the GCC market by the end of 2020.

 

In partnership with the national statistical agencies, cooperation with international organizations and with the help of experts, aggregated regional indicators have been compiled. The GCC-Stat supports the development of price collection and analysis system and the compilation of an index based on a methodology consistent with the international standards and recommendations, and in line with the local nature of the markets in the Member States. This will be achieved through the release of interim versions of national consumer prices indices that are based on a shift from the status quo to the ideal situation with regard to the compilation of these indicators within five years.