Annual Inflation Rate of Dubai Stands at Rise by 2.14% in June 2017
Image: Dubai Statistics
A report issued by Dubai Statistics Center (DSC) on 19th June 2017 revealed that the Annual Inflation Rate of goods and services prices hit a rise level by 2.14% in June 2017 compared to the same period in 2016. Change in prices of goods and services within the Miscellaneous Goods and Services was influential and led to a rise by 11.2%.
Relatedly, prices of Transportation group rose by 5.5%, Education group indicator 5.2%, Clothing and Footwear group 4.18%, Restaurants and Hotels group 2.13%, Food and Beverages group 1.48% and Housing, Water, Electricity, Gas and Fuel 1.12%
In the meantime, prices of certain groups featured a decline, including: the indicator of Recreation and Culture group 11.93%, Tobacco group 4.86%, Health group 1.38%, Furnishings, Household Equipment and Routine Household Maintenance group 0.91%, and Communications group by 0.47%.
The monthly inflation indicator of goods and services prices in the consumer basket rose by 0.31% in June 2017 compared to May 2017. The upturn of the indicator is attributed to a rise in prices of the Transportation group by 7.14% and Clothing and Footwear group by 1.60%.
Similarly, prices of Food and Beverages group rose by 1.52%, Furnishings, Household Equipment and Routine Household Maintenance group by 0.16% and Health group by 0.13%. on the contrary, Miscellaneous Goods and Services witnessed a drop by 0.54%.