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Economy, Infographic

Tesla Q2 sales down 13.5%

Shares rally after the disclosure, better than some forecasts.

TomTom cuts 300 jobs

The firm said it was realigning its organization as it embraces AI.

Aldar nets $953m in sales at Fahid

Aldar said 42 percent of the buyers are under the age of 45.

Qualcomm to Alphawave for $2.4 bn

The deal makes Alphawave the latest tech company to depart London.

Equinor signs $27 bn gas deal

The 10-year contract was signed with Centrica.

GCC nations see varying CPI in last 5 years

GCC countries have witnessed a varying degree of change when it comes to CPI.
By TRENDS Desk
March 8, 2022 10:37 am
  • CPI is used to measure the average change in prices — of a fixed basket of goods and services that consumers pay for — over time
  • Consumer Price Index also happens to be the one index that is most widely used to measure inflation overall

Consumer Price Index (CPI) is one of the two indicators that economists usually utilize to quantify the rate of inflation, the other being Wholesale Price Index (WPI).

CPI is used to measure the average change in prices — of a fixed basket of goods and services that consumers pay for — over time.

It also happens to be the one index that is most widely used to measure inflation overall.

Various factors — global, regional, and local — affect CPI, and each has a distinct effect.

So, when the price of oil goes up, the price at the petrol pump goes up as well, adding to CPI.

The correlation is direct when oil prices go down.

GCC countries have witnessed a varying degree of change when it comes to CPI.

Here’s a look at which country saw how much change over the previous few years:

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