tag

Turkiye's annual inflation rate fell in December to its lowest level in 49 months. In a statement today, the Turkish Statistical Institute (TurkStat) said that the annual inflation rate reached 30.89 percent last month, its lowest level since November 2021 when it stood at 21.31 percent.The statement added that the consumer price index increased by 0.89 percent monthly in December, while the producer price index rose by 0.75 percent.

Saudi Arabia's annual inflation rate fell moderately to 1.9% in November from 2.2% October, according to government data on Monday, reports Reuters. Inflation based on the consumer price index has hovered around 2.1% to 2.3% for most of the year, propped up by rising housing prices. Housing rental prices rose 5.4%, while passenger transport prices increased 6.4%, according to Saudi Arabia's General Authority for Statistics. To tackle the rise in rents, Saudi Arabia's real estate authority in September laid out new rules that included a five-year suspension of annual rental increases for residential and commercial properties located within Riyadh's urban boundaries. Earlier this year, the government approved a Real Estate Ownership and Investment Law, which will ease property purchases by foreigners when it takes effect next year. The kingdom is in the process of building several massive new developments around Riyadh as part of its Vision 2030 programme to boost both tourism and the private sector in a bid to diversify the economy from oil. On a month-on-month basis, November's CPI increased a marginally 0.1%. 

The Sultanate of Oman's consumer price index (CPI) rose 1.1% in September 2025 compared to the same month of 2024 (base year 2018), according to data released by the National Centre for Statistics and Information (NCSI). The average inflation rate during the period from January to September 2025 increased by 0.8%, the data showed. The report indicated that the miscellaneous goods and services group recorded the highest price increase, with an average inflation rate of 6.4% during the first nine months of 2025 and a year-on-year rise of 7.6% in September. This was followed by the transport group, which rose 4.5%, and the restaurants and hotels group, which increased 2.6%. The health group recorded a rise of 0.8%, while prices in the clothing and footwear group went up 0.4%, and the education group edged slightly higher by 0.1%. Prices in the housing, water, electricity, gas, and other fuels group, along with the communications and tobacco groups, remained stable without any significant changes. At the governorate level, Al Dhahirah recorded the highest inflation rate at 1.9% by the end of September 2025 compared to the same period of 2024, while Al Wusta registered the lowest rate at 0.4%.