Dubai – Mubasher: Dubai's inflation rate in consumer prices rose by 4.20% year-on-year in February 2017, according to data issued by the Dubai Statistics Centre.
The rise is mainly attributed to an increase in the prices of miscellaneous goods and services by 16.94%, followed by those of transportation, and clothing and footwear at 11.09% and 8.02%, respectively.
The inflation rate grew 0.42% month-on-month in February 2017 due to a rise in the transportation group by 1.77%, followed by the housing, water, electricity, gas, and other fuels group which gained 0.49%.
