Browsing: food prices

GCC Calls for EU-Gulf Cooperation to Safeguard Global Supply Chains in September 2026 NEW YORK / RankWire.AI / – Gulf Cooperation Council Secretary-General Jasem Mohamed Albudaiwi urged enhanced collaboration with Europe to shield international supply chains from maritime disruptions and escalating transportation costs. During his address in New York on September 24, Albudaiwi pointed out that increased freight charges are contributing to rises in commodity and food prices. His remarks were made at the second ministerial gathering of the Rome Coalition for fertiliser access and food security, convened during the 81st session of the United Nations General Assembly.

As Pakistan grapples with increasing inflation pressures, consumers in Lahore are paying significantly above the government-mandated prices for basic food items. Official rate cuts have not translated into lower retail prices in many markets. This week, notable gaps appeared between notified and market rates for chicken, vegetables, and fruit. These price hikes are impacting household budgets at a time when national consumer inflation has entered double digits and rising fuel prices are adding to the financial burden.

Oman inflation reached 3.4% in August 2026 as transport and food prices increased. Transport experienced the most significant annual price increase among key consumer groups, climbing by 8.5% compared to August 2025. Prices for food and non-alcoholic beverages rose 7%, while miscellaneous personal goods and services grew by 6.1%. Restaurants and hotels saw a 3.6% increase, with furniture, household equipment, and routine household maintenance up 3.1%. Costs related to education increased 2.2%, healthcare expenses rose 1.7%, and prices for culture and recreation edged higher by 0.4% during the same period. Prices for clothing and footwear saw a modest increase of 0.1% over the year, whereas communication services and tobacco remained unchanged. The only category to see a decline was housing, water, electricity, gas, and other fuels, which fell by 0.6%. The August statistics revealed varying price movements within the consumer basket, with transport and food experiencing the largest upward shifts. Inflation rates also differed across Oman’s governorates, ranging from 2.1% to 4.8% annually. Transport and Food Prices Drive Yearly Inflation In August, Al Dhahirah registered the highest inflation rate among governorates at 4.8%. Muscat followed at 3.9%, then Al Dakhiliyah at 3.8%, and Al Wusta at 3.

As of August, South Korea sees inflation accelerate to 3.1% amid rising costs. South Korea’s consumer prices increased by 3.1% in August compared to the previous year, according to official data. Fuel expenses remained a significant factor contributing to price increases during the month. Prices for mobile services climbed 26.7% from August 2025, driven by a low comparison base. Core inflation, which excludes food and energy, also gained momentum in August. Industrial product prices rose 3.7% compared to the previous year in August, while service prices also increased by 3.7%.

Denmark’s July inflation slowed to 1.7% as consumer price growth eased from June. The consumer price index for July reached 102.92, with 2025 serving as the index base year at 100. Holiday home rentals and package holidays contributed 1.24 percentage points to the monthly increase. Food prices added 0.15 percentage point. Conversely, reductions in clothing, hotel accommodation, and footwear prices collectively decreased the monthly rise by 0.34 percentage point.

China’s CPI rose 1% in March from a year earlier, while monthly prices fell and producer prices returned to growth.

Turkey’s annual inflation slowed to 30.87% in March as monthly price growth eased, official data showed, offering fresh evidence of cooling consumer prices.

South Korea’s inflation rose 2.2% in March as higher oil costs lifted transport prices, while falling food prices helped keep the increase below forecasts.

Tokyo data showed Japan’s January CPI rose 1.5% year on year, below the BOJ 2% target, with core inflation at 2.0% and energy costs down 5.2%.

Egypt core inflation eased to 11.2% year on year in January, while headline inflation slipped to 10.1% and monthly CPI rose 1.5%, official data showed in Cairo.