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FINANCIAL NEWS
Oman logs lowest inflation rate among GCC states in July
13 Sep 2015
(MENAFN) According to recent data, Oman registered the lowest inflation rate among other GCC countries, with an inflation rate of 0.46 percent in July, while UAE topped the list with an inflation of 4.43 percent.
In terms of countries, the highest was logged in the UAE, followed by Kuwait with a 3.62 percent inflation, Saudi at 2.2 percent, Qatar 1.6 percent, Bahrain 1.1 percent and Oman with the lowest rate.
Compared to a month ago, the inflation rate edged up in Qatar by 0.6 percent, in Oman by 0.53 percent, in Saudi by 0.3 percent and in the UAE and Kuwait by 0.29 percent and 0.07 percent, respectively.
Commodity prices of food and beverages rose in Kuwait by 4.13 percent, followed by the UAE by 3.40 percent, Saudi Arabia 2.2 percent, the Sultanate of Oman 0.97 percent, and Qatar 0.9 percent.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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