Mubasher: The consumer price index (CPI) in the GCC, excluding the residential prices, grew 4.3% year-on-year during 2018.

Inflation in the GCC, excluding the residences segment, recorded 135.2 points in November, compared to 129.6 in the comparative month in 2017, according to a report released by the GCC-STAT.

Month-on-month, the GCC’s CPI lost 0.1% in Nonmember, the report found.

Saudi Arabian contribution to the GCC’s CPI registered 5%, while the UAE’s share of the inflation in the region reached 6%.

Top segments which underwent price increases were tobacco (50%), transportation (9.1%), restaurants and hotels (6.7%), and foods beverages, the GCC-STAT’s data showed.

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