Inflation reports

Inflation reports

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    Wed, 05 December 2018

    Inflation Update – October 2018: (Mild pick-up in inflation rates)

    The latest General Authority for Statistics (GaStat) inflation release for October shows that prices rose by 2.4 percent year-on-year, and declined by 0.3 percent month-on-month.

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    Sun, 07 October 2018

    Inflation Update – August 2018: (Inflation rates continue to show mild rises)

    The latest General Authority for Statistics (GaStat) inflation release for August shows that prices rose by 2.3 percent year-on-year, and declined by 0.2 percent month-on-month.

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    Tue, 05 June 2018

    Inflation Update – April 2018: (Lower inflation as prices adjust to new reforms)

    The latest General Authority for Statistics (GaStat) inflation release for April shows that prices rose by 2.6 percent year-on-year, and declined by 0.2 percent month-on-month.

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    Wed, 28 February 2018

    Inflation Update - February 2018: (VAT triggers inflation hike in January)

    The latest General Authority for Statistics (GaStat) release for January shows that inflation rose in January 2018 by 3 percent year-on-year, and 3.9 percent month-on-month, largely as a result of the implementation of VAT and utility and fuel price reform during the month. 

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    Wed, 22 February 2017

    Inflation Update

    The General Authority for Statistics (Gastat) has released the Consumer Price Index data for January, showing negative growth in prices by 0.4 percent year-on-year, the first monthly deflation in twelve years. Looking ahead, we expect inflation to remain subdued in the first six months of 2017, before another hike in household electricity prices pushes up inflation during the second half of 2017. 

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    Mon, 29 August 2016

    Inflation Update- July 2016: (Inflation continues to slow)

    The General Authority for Statistics (GAS) has released Consumer Price Index data for July, showing a deceleration in prices to 3.8 percent year-on-year compared to 4.1 percent in June. Food inflation turned negative for the first time since January 2010, while housing remained as the main contributor to overall inflation during July.

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    Wed, 24 February 2016

    Inflation Update (January 2016): New energy prices push inflation to a 5-year high

    The General Authority for Statistics (GAS) has released Consumer Price Index data for January, showing a sharp rise in prices by 4.3 percent year-on-year, accelerating from 2.3 percent during the previous month. The recent reform to energy prices meant that housing and utilities and transport were the main sources of inflation as they accelerated sharply in January, both in year-on-year and monthly terms. Our estimate of core inflation, which excludes food and rent and other housing services, but includes transport, rose to its highest level in three years.

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    Tue, 16 June 2015

    Inflation Update- (May 2015):Inflation remains subdued ahead of Ramadan

     The Central Department of Statistics and Information (CDSI) has released Consumer Price Index data for May, showing a small acceleration in prices to 2.1 percent year-on-year, compared to 2.0 percent in April. In month-on-month terms, prices slowed to 0.1 percent in May compared to 0.3 percent in April. Foodstuffs rose year-on-year but recorded a slowdown in monthly terms as well. Housing inflation continued to be the major contributor to overall inflation. Our estimate of core inflation remained unchanged.

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    Tue, 21 April 2015

    Inflation Update- (March 2015): CPI slows for the Seventh consecutive month


    The Central Department of Statistics and Information (CDSI) has released Consumer Price Index data for March, showing a deceleration in prices to 2.0 percent year-on-year compared to 2.1 percent in February. Foodstuffs continued to slow as the deflationary trend in international food prices grew further. Housing remained the major contributor to overall inflation despite a slowdown in March. Our estimate of core inflation, which excludes food and rent and other housing services, remained almost unchanged at 2 percent since the start of 2015. 

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    Mon, 19 January 2015

    Inflation update (December 2014) : Inflation averaged 2.7 percent in 2014

    The Central Department of Statistics and Information (CDSI) has released Consumer Price Index data for December, showing a deceleration in prices to 2.4 percent year-on-year. Overall inflation for 2014 averaged 2.7 percent, down from 3.5 percent in 2013 with most components of the headline index recording a slowdown. We expect inflation to be subdued throughout 2015. External factors’ contribution to inflation will remain weak, particularly given a strengthening USD and the weaker prospects of global economic growth. We thus estimate an average annual inflation rate of 2.6 percent for 2015.

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