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Economy, Infographic

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

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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