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FINANCIAL NEWS
UAE inflation down 1.7% in July
16 Aug 2011
(MENAFN) The National Bureau of Statistics said that the consumer prices in the UAE fell 1.3 percent in July from 1.7 percent in June, driven by a drop in housing costs that helped to offset the impact of US dollar weakness on the economy, reported The National.
The Bureau also said that accommodation costs, water and electricity bills were dropped 1.6 percent in July compared with June, which is considered to be the biggest monthly drop since December 2009. all these helped to maintain the overall inflation rate down.
The National Bureau of Statistics added that weakness within the housing market have pushed prices down by more than half from their peaks before the global downturn.
It is worth mentioning that food and beverages, the second-biggest component of the index, prices rose during July to 1.6 percent compared with the previous month. The increase comes despite attempts by the Government to cap prices.
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BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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