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FINANCIAL NEWS
Dubai inflation rate falls to 2.1pct
16 Aug 2016
(MENAFN) Inflation rate in Dubai declined to reach 2.1 percent on lower food prices, whereas housing and utility costs accounted for almost 44pct of the consumer basket.
Meanwhile, consumer price index showed an increase in the prices of goods and services amid the consumer basket rose by 0.33 percent in July this year.
Additionally, transport group prices rose by 0.40 percent, while the goods and services prices in a range of goods and miscellaneous services grew by 0.22pct.
On the other hand, housing, water, electricity and fuel group viewed an increase of 0.18 percent, the highest range in terms of the relative importance of the group.
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