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FINANCIAL NEWS
Inflation rate in Dubai grows by 0.38pct
22 Sep 2016
(MENAFN) Dubai”s inflation rate for August this year increased to 0.38 percent compared to July of this year.
The increase was attributed to a rise in prices of clothing and footwear by 1.64 percent; food and beverage and miscellaneous goods and services at 1.56pct.
However, prices of other groups declined in the same month; recreation and culture by 0.10 percent; communication by 0.04 percent.
On the other hand, the annual inflation rate was 2.5 percent in August this year, compared to year-on-year prices.
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