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FINANCIAL NEWS
Abu Dhabi’s inflation accelerates in May
17 Jun 2010
(MENAFN) Abu Dhabi’s Department of Economic Development said that the emirate’s consumer price index (CPI) reached 118.22 points in May against 114.75 in the same month last year, Reuters reported.
The Center, part of the capital?s Department of Economic Development, said that the month-over-month rise in May was 0.28 percent, while it grew 2.33 percent in the January-May period.
Education led the upward trend, advancing 20.1 percent. Food and beverages rose 6.7 percent. Housing, water, electricity, gas and other fuels were up 5.5 percent, while transport jumped 5.1 per cent.
On the other hand, communications showed a decline of 11.3 percent, due to a drop in the prices of telephone and telefax services. The mail services, telephone and telefax equipment subgroups shed 11.3, 9.6 and 6.4 percent, respectively.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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