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FinancialNews


  • 21-05-10

    UAE’s inflation edges up 0.78% in April

    (MENAFN) UAE’s National Bureau of Statistics reported that the country’s consumer price index (CPI), which shows inflation, edged up 0.78 percent in April compared to a year earlier, Khaleej Times reported. The statistics office attributed the rise to a substantial increase in prices of food, beverages and other essentials during the month. However, the country’s CPI dropped 0.03 percent month-on-month in April. Data showed that prices had different trends across the country. It climbed in Fujairah by 1.66 percent; Ajman saw a rise of 1.47 percent; while in Sharjah it grew 0.43 percent. In the first four months of the year, prices went up 0.18 percent, data showed.

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