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FINANCIAL NEWS
Inflation rate in UAE remains stable
05 Jun 2016
(MENAFN) Inflation in the UAE is under control and it has been under 2 percent in the past four months, compared to April 2015 the whole rate reached 1.9 percent.
However, transport dropped by 5.39 percent, reflecting the lower fuel prices, whereas education grew by 6.74 percent.
On the other hand, housing and utilities, accounted for 43.70 percent of the Index, showed grow of 3.99 percent.
Meanwhile, the food component in the UAE showed an increase of 4.08 percent among last year.
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As part of its digital transformation journey, BBK adds Google Wallet to its range of digital wallets
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