Dubai - 2.75% reduction in consumer prices
Friday, 12 20 2019, Category: Economy, Country: U.A.E
Dubai Statistics Center reported that the annual general index of consumer prices fell 2.75% last November compared to the same month in 2018.
The center said in a report issued today, that the prices of each of the housing, water, electricity, gas and fuel departments decreased by 5.51%, which reduced inflation by 2.33 points, the prices of the transportation department decreased by 7.28%, which reduced inflation by 0.83 points, and the tobacco section by 0.18%.
He added that, in contrast, the index increased for: the prices of the education department by 1.46%, which pushed inflation by 0.13 points, the restaurants and hotels section by 1.77%, which increased inflation by 0.08 points, the clothing and footwear section by 2.96%, which raised inflation by 0.06 points, and the section Food and beverages by 0.37%, which increased inflation by 0.05 points.
Source: Teller Report