UAE inflation falls further in November

Housing and utility costs fell 5.3 per cent from a year ago

Last updated:
1 MIN READ
Grocery shopping
Grocery shopping
Gulf News Archives

Dubai: Annual inflation in the UAE dropped to 1.3 per cent in November from 1.6 per cent in October, because of a weak housing market, figures from the statistics agency showed on Thursday.

Housing and utility costs fell 5.3 per cent from a year ago in November. Food and beverage prices rose 1.8 per cent while transport costs increased 8.8 per cent because of rising domestic gasoline prices.

Sign up for the Daily Briefing

Get the latest news and updates straight to your inbox

Up Next