According to a report issued by Dubai Statistics Center (DSC), it was revealed
that the Annual Consumer Price Index (CPI) Rate hit a drop level by 3.63% in March
2019 compared to the same period in 2018. CPI decreases due to a decline in prices
of Housing, Water, Electricity, Gas by 6.17% leading inflation to go down by
2.68 per cent, Transportation group by 5.55% pushing inflation down by 0.59 per
cent, Clothing and Footwear by 10.41% leading inflation rate to decline by 0.22
per cent, Miscellaneous Goods and Services group by 3.26% decreasing inflation
rate by 0.20 per cent, Food and Beverages 0.32% to lessen inflation rate by
0.04 per cent, Recreation and Culture group by 1.64% pushing the inflation rate
down by 0.03 per cent, Communications by 0.40% leading inflation rate to drop
by 0.02 point and Heath group by 0.21%.
In the meantime, CPI of Restaurants and Hotels group went up by 2.34%
leading the inflation rate to rise by 0.10 per cent, Household Equipment and
Routine Household Maintenance group went up by 0.91% pushing the inflation rate
up by 0.03 per cent, Tobacco increased by 2.81% adding to the inflation rate
0.02 per cent and Education rose by 0.03%.
CPI Shrinks by 0.05% in March 2019
As for the CPI of March 2019 compared to February 2019, it witnessed a
decrease by 0.05%. Grounds for such a decline are attributed to a drop in Housing,
Water, Electricity, Gas and other Fuel by 0.50% leading inflation rate to
decrease by 0.21 per cent, Restaurants and Hotels declined by 0.12% pushing
inflation down by 0.01 per cent, Maintenance group by 0.05% to push inflation
rate down by 0.02 per cent, Communications by 0.02% and Household Equipment and
Routine Household went down by 0.01%.
Meanwhile, prices of certain groups witnessed an increase, including: Transportation
by 1.11% that pushed inflation rate up by 0.11 per cent, Food and Beverages by
0.36% leading inflation rate to increase by 0.05 per cent and Recreation and
Culture group by 0.25%.
On the other hand, groups of Tobacco, Clothing and Footwear, Health and Education
maintained their former levels during the period of comparison.