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FINANCIAL NEWS
UAE’s inflation increases to 4.3 percent in May
25 Jun 2015
(MENAFN) The United Arab Emirates’ inflation rate, or Consumer Price Index (CPI), increased to 4.3 percent in May from 4.2 percent recorded the month before, Arabian Business reported.
Housing and utilities stood as the primary motivator for the increase, according to the UAE National Bureau of Statistics, who added that the sector that represents 39 percent of inflation increased 9.4 percent year-on-year.
Food and soft drink prices, which account for nearly 14 percent of the basket, gained 1.4 percent year-on-year.
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