Housing costs to continue driving up GCC inflation - The National

Housing costs to continue driving up GCC inflation - The National:

"Inflation is flaring up across the GCC and economists expect it will continue to do so for the rest of the year, propelled by higher housing costs.

Food prices have played a key part in the recent price spike, but looking ahead, it is housing that the economists believe will feed longer-term structural inflation.

"With the region's residential real estate market recovery expected to continue apace, higher housing costs will likely be a key factor pushing headline CPI [consumer price index numbers] up through the remainder of 2013," wrote Jean-Paul Pigat, economist at Emirates NBD, in a research report this week."

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