Dubai July inflation falls to 1%, lowest since 2015

DUBAI: The Dubai Statistics Centre released the following July consumer price data for the Gulf Arab emirate on Thursday, showing annual inflation dropping to its lowest level — 1 per cent — since at least 2015. Housing and utility costs rose 0.9 per cent from a year earlier in July, while food and beverage prices were flat after climbing 1.5 per cent year-on-year in June. Transport prices declined 1.7 per cent.