Gulf Inflation Remains Contained, but Conflict Poses Renewed Price Risk
Dow Jones
1 hour ago
1059 GMT - Gulf inflation has remained relatively subdued despite sharp energy-price volatility, but renewed U.S.-Iran hostilities risk driving price pressures higher, Kamco Invest says. Continued conflict is likely to keep oil prices elevated and add to inflation through higher energy, shipping and supply costs, potentially leading to higher interest rates and slower economic growth, Kamco says. Saudi inflation was 1.8% on year in July and Qatar's was 2.2% in June, while Dubai inflation stood at 5.3% in July, reflecting stronger transport, food and housing costs.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.