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FINANCIAL NEWS
Dubai’s inflation increases 0.49 percent in January
19 Feb 2014
(MENAFN) Dubai’s inflation rate boosted by 0.49 percent in January compared to a month earlier, according to the Emirates 24/7.
Experts say that the rise in inflation was caused by the growing cost of education which reached 3.99 percent, followed by housing, water, electricity, gas, and other fuels at 3.87 percent.
On the other hand, inflation rate dropped by 2.80 percent for the group of clothing and footwear, followed by communication at 0.07 percent.
Prices of food and non-alcoholic beverages dropped by 2 per cent, and clothing and footwear by 0.39 per cent,
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