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Dubai Statistic Center: Dubai’s Consumer Price Index Drops by 1.20% in February 2020

Image: DSC logo

​Image: DSC logo

As per the report issued by Dubai Statistics Center (DSC), the annual general index of consumer prices has dropped by 1.20% in February 2020 compared to the same period in 2019, as the prices of housing, water, electricity, gas and fuel sectors have dropped by 5.21%, which reduced inflation by 2.21 points in addition the clothing and footwear sector that dropped by 3.21%, which reduced inflation by 0.06 points, the entertainment and culture sector also dropped by 0.98%, which reduced inflation by 0.02 points, the sector of miscellaneous goods and services dropped by 0.38%, which reduced inflation by 0.02 points, as for the health sector, it recorded a drop of 0.01%.

On the other hand, other sectors have recorded various increases such as transportation that increased by 5.11%, which boosted inflation by 0.53 points, the food and beverages sector that increased by 2.38%, which boosted inflation by 0.30 points, the education sector that increased by 1.66%, which boosted inflation by 0.16 points, tobacco sector that increased by 14.79% which boosting inflation by 0.09 points, the furniture, furnishing, household appliances and repairs sector that increased by 0.55%, which boosted inflation by 0.02 points, the communications sector that increased by 0.17%, which boosted inflation by 0.01 points, and the restaurants and hotels sector that increased by 0.18%, which boosted inflation by 0.01 points.

The Consumer Price Index Drops by 0.33% during February 2020

The general monthly index of consumer prices dropped by 0.33% in February 2020 compared to January 2020 due to a drop in the prices of housing, water, electricity, gas and fuel sectors that decreased by 0.43%, which reduced inflation by 0.17 points, and the entertainment and culture sector that decreased by 4.43%, which reduced inflation by 0.09 points, the transportation sector that decreased by 0.50%, which reduced inflation by 0.06 points, the sector of miscellaneous goods and services that decreased by 0.45% reducing inflation by 0.03 points, the sector of restaurants and hotels that decreased by 0.18% which reduced inflation by 0.01 points and the tobacco sector that decreased by 0.01%.

On the other hand, the prices of food and beverage increased by 0.13% boosting inflation by 0.02 points, as well as furniture, furnishing, household appliances and repair sectors that increased by 0.07%.

As for the prices of clothing, footwear, health, communication, and education sectors, they were stable at their previous levels during the comparison period.

Monthly and annual change and consumer price indices for February 2019, January - February 2020.

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