Dubai-Mubasher: The inflation rate of Dubai rose to 1.75% in the first half of 2016 as compared to the same period of 2015, according to a recent statement.
The inflation was due to an increase by 5.79% in the prices of education group which represents 4.09% of total relative importance in the basket.
The statement showed that housing, water, electricity, gas, and other fuels group levelled up by 3.91%; this group is considered as the highest group in term of relative importance in the consumer basket by 43.70%.
Food and beverages group was up by 2.04%, with a relative importance impact to the consumer basket by 11.08%.
Restaurants and Hotels group increased by 0.93%, forming 5.48% of the total relative importance in the basket.
“Health group grew by 0.13% and this group has a relative importance of 1.08% in the consumer basket. While the prices of other groups deflates as follows: Transport group decreased by 4.39% and the relative importance of this group to the consumer basket total is 9.08%,” according to the statement.
