21 Jun 2010
(MENAFN) UAE’s inflation registered a year-on-year high of 0.9 percent in May, on the back of a rise in the cost of food and education, while on month-on-month basis the country’s inflation went down slightly due to lower housing costs, Reuters reported.
Official data showed that UAE’s inflation slowed to 1.6 percent last year, compared with 12.3 percent in 2008. The National Bureau of Statistics expects inflation to ease to 1.1 percent this year.
Overall Consumer Price Index (CPI) for the UAE reached 114.01 in May 2010, the statistics office said. The CPI, which shows inflation, grew to 0.78 percent in April compared to a year earlier, due to a substantial increase in prices of food, beverages and other essentials.
Major expenditure groups that showed a decline during May include miscellaneous goods and services 2.12 percent; housing 0.52 percent; furniture and household goods 0.16 percent; communications 0.14 percent; medical care 0.07 percent; and recreational and cultural goods and services 0.03 percent.
At the same time, there were increases in other major expenditure groups such as food and soft drinks 1.16 percent; restaurants, cafes and hotels 0.71 percent; transportation 0.45 percent; education 0.71 percent; and textiles, clothing and footwear 0.10 percent.
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
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more