Even oil-rich Saudi Arabia is feeling the pinch.
"Everything is getting more expensive... every time I pay around 20-30 riyals ($5-$8) more for the same products," said Ahmad al-Assad, a 38-year-old private sector employee.
Qatar, however, has emerged as an exception with the government decreasing food prices ahead of Ramadan in a symbolic gesture.
"Prices of more than 800 commodities have been reduced in coordination with major outlets in Qatar, starting from Wednesday, March 23 until the holy month of Ramadan," said Qatar's commerce and industry ministry.