Dubai Annual CPI Drops by 2.87% in April 2019
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The Annual Consumer Price Index (CPI) Rate hit a
drop level by 2.87 per cent in April 2019 compared to the same period in 2018,
the Dubai Statistics Center (DSC) reported.
It is revealed that CPI decreased due to a
decline in prices of Housing, Water, Electricity, Gas by 6.28 per cent leading
inflation to go down by 2.72 per cent, Miscellaneous Goods and Services group
went down by 3.48 per cent pushing inflation down by 0.21 per cent, Clothing
and Footwear by 6.80 per cent decreasing inflation by 0.14 per cent, Food and
Beverages by 0.52 per cent that lessened inflation by 0.06 per cent and health
group by 0.30 per cent.
In the meantime, CPI of Restaurants and Hotels
group went up by 2.40 per cent leading the inflation rate to rise by 0.10 per
cent, Recreation and Culture group by 3.12 per cent pushing inflation rate up
by 0.06 per cent, Transportation group by 0.48 per cent leading inflation rate
to increase by 0.05 per cent, Household Equipment and Routine Household
Maintenance group by 1.05 per cent adding to the inflation rate 0.04 per cent,
Tobacco group by 2.86 per cent to increase the inflation rate by 0.02 per cent,
Communications group rose by 0.07 per cent and Education group stood at a rise
by 0.03 per cent.
CPI Rises by 0.47% in April 2019
As for the CPI of April 2019 compared to March 2019
stood at a rise by 0.47 per cent. Grounds for such an increase are attributed
to a rise in Transportation group by 6.84 per cent leading to an increase in
inflation rate by 0.55 per cent, Recreation and Culture group by 6.25 per cent
pushing inflation rate up by 0.12 per cent, Clothing and Footwear went up by
3.46 per cent adding 0.07 per cent to inflation rate, Communication group by
0.37 per cent leading inflation to rise by 0.02 per cent and Miscellaneous
Goods and Services group by 0.13 per cent resulted in an increase in inflation
rate by 0.01 per cent.
Meanwhile, prices of certain groups witnessed a
decline, including: Housing, Water, Electricity, Gas by 0.53 per cent leading
inflation rate to decline by 0.23 per cent, Food and Beverages by 0.49 per cent
that lessened inflation by 0.06 per cent , Health group declined by 0.08 per
cent and Restaurants and Hotels group decreased by 0.04 per cent.
On the other hand, the groups of Tobacco,
Household Equipment and Routine Household Maintenance and Education maintained
their former levels during the period of comparison.