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FINANCIAL NEWS
Dubai’s inflation falls to 1.9 percent in Jan
17 Feb 2016
(MENAFN) Inflation in Dubai dropped over Jan this year compared to Dec 2015 due to falling gasoline prices among 12-year low oil price in global market, which fell at 1.9 percent.
Moreover, transport costs which value almost 9 percent of the consumer price fell 4.1 percent year-on-year last month, while the price of unleaded gasoline fallen by 25 percent.
Additionally, housing and utility costs, which account for almost 44 percent of consumer costs, increased 4.4 percent from a year earlier; food and beverage prices jumped 3.1 percent.
Inflation rate for 2015 valued to 3.99 percent compared to 2014, because of an increase in the prices of furnishings, household tool and routine Household group by 7.64 percent.
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