Dubai’s inflation rate rose 0.46% year-on-year in July 2014 on the increase of prices of major consumer groups, according to new figures released by Dubai Statistic Centre (DSC) on Tuesday.
The DSC data showed that the increase in Dubai’s inflation in July was driven by the rise in the prices of the groups of Al coholic beverages and tobacco at 5.32%, housing, water, electricity, gas and fuel (1.15%), communications (0.85%), miscellaneous goods and services (0.46%), transport (0.20%), and Furniture and household goods and repair (0.16%).
The monthly Consumer Price Index (CPI) noted a decrease in the groups of food and soft drinks at (0.57%), recreational and cultural goods and services (0.10%), and restaurants and hotels (0.50%), while CPI of the other groups remained unchanged as compared to June and July.
Source : WAM News Agency for United Arab Emirates
