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Dubai inflation down at 0.94% in January.

Summary: The monthly consumer prices inflation rate in Emirate of Dubai dropped 0.94% in January 2012 compared to December 2011

The monthly consumer prices inflation rate in Emirate of Dubai dropped 0.94% in January 2012 compared to December 2011

The two groups of Restaurants and Hotels and Communication saw a similar increase of inflation at 0.01 %, Health 0.08%, Transport 1.03%, and Clothing and Footwear 4.94%.

The report said the fall of the Food and Non-Alcoholic Beverages inflation rate was spurred by a fall in prices of vegetables, fruits, and fish and seafood at 14.80%, 10.32% and 0.95% respectively.

Housing, Water, Electricity, Gas, and other Fuels group inflation rate went down because of the dip in prices of rents by 2.91%.

As for Health group inflation, it went up due to the rise in the prices of medical services and X-ray by 0.65%.

Equipment for the reception, recording and reproduction of sound and pictures led the decline in the Recreation and Culture group inflation rate by 14.31%.

Cultural Services shrank by 2.38%.

In the Transport group, inflation hiked as prices of motor cycles surged by 9.14%, spare parts and accessories for personal transport equipment 6.31%, and other services in respect of personal transport equipment 2%.

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Publication:Khaleej Times (Dubai, United Arab Emirates)
Geographic Code:7UNIT
Date:Feb 17, 2012
Words:234
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