Gasoline pushes inflation up in January

19/02/2012 06:55 AST

Gasoline prices jumped in January, leading overall consumer prices higher and offering a reminder of the risks energy costs pose to the economic recovery.

Despite the warning signal, overall consumer prices rose just 0.2 percent, the Labor Department said on Friday, which is unlikely to ring alarm bells at the Federal Reserve.

Strong jobs and factory data have eased worries U.S. economic growth could slow sharply, but tensions between Western nations and Iran still threaten to hand the economy a repeat of 2011 when a spike in energy prices hit the recovery hard.

For more on this Click Here

Crude Oil News
2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | News Archive
Most Viewed Companies
Ticker Price Volume
QNBK 161.6 110,486
SABIC 83.83 2,118,124
STC 54.89 1,262,071
BATELCO 0.3 6,241
NBK 570 11,851,363
MARK 35 280,144
RJHI 53.49 3,808,988
Recent News

Banking stocks steal limelight on Muscat stock market
Despite low volume, gains in banking stocks drove the MSM 30 Index to 5,592.88 points, up 0.17 per cent. However, the MSM Shariah Index ended at 857.58 points, down 0.15 per cent.

Bank Soh

Omani bourse needs market makers to develop bond market: CMA chief
Oman’s bourse needs market-makers to develop an active secondary market for debt instruments, said a top-level official at the Capital Market Authority (CMA). The market makers, who are prevalent in

Al Khaliji reports QR425mn profit for first nine months
Khaliji, a new generation lender, has reported a net profit of QR425mn in the first nine months of this year. “Given the decline in energy prices and the challenging global market conditions, the r

Ahli Bank posts 9-month net profit of QR503.5mn
Ahli Bank has posted a net profit of QR503.5mn for nine months up to September, thus “maintaining its underlying performance” as against the corresponding period of 2015. The bank’s balance sheet gr

Mega projects drive insurance growth in Qatar’
Mege projects and this is why, as an international company, we are interested in Qatar,” country head Salim Mansour told Gulf Times on the sidelines of the opening of AXA’s new shop at The Pearl. The

GulfBase GCC Index
Search By
  • Company Symbol
  • Company Name
  • Mutual Fund Name
  • News Content
Send this page to a friend


Looking ahead, what change you are more likely to make in investing in your domestic stock market?