The GCC Statistical Centre Launches the General Consumer Prices Index

In pursuit of the Gulf Cooperation Council (GCC) countries to find a number of coordinating and corrective procedural policies that will help in reducing the phenomenon of rising prices in the GCC countries, the GCC Statistical Centre launched the project of  "GCC Consumer prices index", and "the statistical centre data portal" in Muscat, Oman, under the auspices of His Excellency Sheikh Khalid Almarhoon, the Minister of Civil services in Oman.

The chairman of the General Authority for statistics in Saudi Arabia, the chairman of the GCC Statistical center in its current cycle, Dr. Fahad bin Sulaiman Altekhaifi, asserted that the index number is considered to be an important tool to support decision makers in all private and public sector entities in GCC countries to prepare coordinating and corrective procedural policies that contributes in reducing the phenomenon of rising prices in the GCC countries. It is also considered to be an economic phenomenon with social dimensions. In addition, the new indicator will provide a unified prices statics data base with all its details, which will help the beneficiaries to use the information in various related fields.

Talking about the statistical centre data portal, Dr. Altekhaifi added that the goal of inaugurating the portal is to enable the observation of statistical data and documenting achieved advancements in the indicators of the GCC countries in different economic, social, and energy sectors. In addition, its goal is  to provide information services that contributes in raising statistical awareness. 

On the other hand, in the speech of Dr. Altekhaifi, he asserted on developing and supporting the statistical and institutional abilities, to keep pace with the statistical requirements on the GCC countries' level and internationally. He also asserted that this is one of the most important common goals on the strategic level of the GCC countries. He also added that the authorities and Gulf statistical centers are seeking to continuously reinforce and enhance the quality and quantity of statistical services, and develop, expand and market the statistical publishing. Also, it seeks to show the GCC countries' region as a unified social and economic region through unifying the national statistical strategies in the GCC countries with the combined statistical programs needs according to the best international practices. Altekhaifi also explained that everyone is working on building statistical culture and raising statistical awareness, in addition to reinforcing the actual and correct use of statistical data and information in decision making and policy making in GCC countries.

Altekhaifi also revealed about ten of the most important projects that are considered to be the top statistical priority determined by the GCC statistical centre, which are: the national  accounts, environment and energy, financial executive statistics, balance of payments, development, progress and sustainability indicators, short term prices and indicators, unified registered population census (year of 2020), foreign trade, administrative data, job market, and the statistical standards, categories, methodologies, and data quality.

It is worth mentioning that the GCC statistical centre was established in September 2011, and its organization was approved in 2012 by the supreme council of the GCC to be the official source of statistical information and data related to GCC countries. It was also established to reinforce statistical and informational work of the national statistical centers and planning in GCC.