UAE’s inflation rises to 5-year high in August

23 Sep 2015

(MENAFN) The UAE National Bureau of Statistics released the following August consumer price data, showing inflation at its highest level since February 2009.

Inflation rose 0.9 percent month-on-month during August, and 4.9 percent year-on-year, the NBS released data showed.

Housing and utility costs, which account for over 39 percent of consumer expenses, jumped 9.9 percent from a year earlier in August and rose 0.1 percent from the previous month.

Abu Dhabi, the biggest emirate in the UAE, hiked electricity and water tariffs from January 1. Food and soft drink prices, which account for 14 percent of the basket, rose 0.6 percent and fell 0.5 percent on-month.

More News

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