GCC inflation to remain at 3.3% this year: QNB
- Middle East: Monday, February 25 - 2013 at 04:46
QNB Group has said the GCC region saw a moderate 3% inflation in consumer prices during 2012, down from 3.7% in 2011, Arab News has reported. The three most heavily weighted price categories in the consumer price indices (CPIs) across the region are housing costs, food and beverages and transport and communications, which represent two-thirds of the CPI basket in the region and rose by 3%, 4.5% and 1.5%, respectively, in 2012. Prices of other goods and services rose on average by 2.7%.
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