The report issued by Dubai Statistics Center (DSC) states that the annual general index of consumer prices dropped by 3.69% in August 2020 compared to the same period in 2019, as the prices of the following sectors were dropped: Housing, Water, Electricity, Gas and Fuel dropped by 5.72 %, which reduced inflation by 2.35 points, Transportation dropped by 13.00 %, which reduced inflation by 1.51 points, Entertainment and Culture dropped by 15.08 %, which reduced inflation by 0.32 points, Clothing and Footwear dropped by 1.42%, which reduced inflation by 0.03 points, Restaurants and Hotels dropped by 0.08 % and Communications dropped by 0.03%.
On the other hand, price index of the following sectors was increased: Foods and Beverages increased by 2.81 %, which boosted inflation by 0.37 points, Education increased by 1.87 %, which boosted inflation by 0.17 points, Tobacco increased by 15.98 %, which boosted inflation by 0.09 points, Furniture, Furnishings and Household Appliances and Maintenance increased by 0.14 %, which boosted inflation by 0.01 points and Health Sector increased by 0.06 %.
Consumer Price Index dropped by 0.32 % in August 2020
General monthly index of consumer prices dropped by 0.32 % in August 2020 compared to July 2020 as a result of price drop of the following sectors: Housing, Water, Electricity, Gas and Fuel dropped by 0.77 %, which reduced inflation by 0.31 points, Foods and Beverages dropped by 2.05 %, which reduced inflation by 0.13 points, Furniture, Furnishings and Household Appliances and Maintenance dropped by 0.02 %, and Restaurants and Hotels dropped by 0.01 %.
On the other hand, price index of the following sectors was increased: Transportation increased by 0.74 %, which boosted inflation by 0.08 points, Foods and Beverages increased by 0.25 %, which boosted inflation by 0.03 points, Entertainment and Culture increased by 0.62 %, which boosted inflation by 0.01 points, Tobacco increased by 0.03 %, Communications increased by 0.02 %, and Health Sector increased 0.01 %.
Prices of the following sectors were stabilized: Clothing and Footwear and Education, were at their previous levels during the comparison period.