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FINANCIAL NEWS
Dubai inflation rate up in August
12 Sep 2014
(MENAFN) Dubai’s inflation rate increased in August due to a jump in housing and utility costs as well as an increase in food and beverage prices, Khaleej Times reported.
Housing and utility costs increasing by 6.2 per cent compared to the same month last year and by 0.4 per cent compared to July, while food and beverage prices increased 1.8 percent compared to last year and 2.5 percent compared to the previous month.
In the January-June period, Dubai’s l inflation rate increased to 2.74 per cent compared to 1.6 percent during the same period in 2013.
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