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FinancialNews


  • 22-09-16

    Inflation rate in Dubai grows by 0.38pct

    (MENAFN) Dubai"s inflation rate for August this year increased to 0.38 percent compared to July of this year.

    The increase was attributed to a rise in prices of clothing and footwear by 1.64 percent; food and beverage and miscellaneous goods and services at 1.56pct.

    However, prices of other groups declined in the same month; recreation and culture by 0.10 percent; communication by 0.04 percent.

    On the other hand, the annual inflation rate was 2.5 percent in August this year, compared to year-on-year prices.

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