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FINANCIAL NEWS
Dubai’s inflation subdued in April
15 May 2013
(MENAFN) The Dubai Statistics Center stated that the emirate’s inflation level in April was flat, remaining at the 0.1 percent level seen in the previous month, reported Arabian Business.
However, from a year before, Dubai’s inflation rose to 0.9 percent, compared with March’s 0.6 percent.
The agency said that housing and utility costs went up by 0.8 percent, posting the highest rise since January 2010.
It is worth noting that on monthly basis, housing and utility costs rose by 0.5 percent last month.
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BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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