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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.
More News
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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