Dubai - Mubasher: The Consumer Price Index (CPI) decreased by 3.69% year-on-year (YoY) in August 2020, compared to the same month of 2019, according to the latest data by the Dubai Statistics Centre (DSC).
The decline in the CPI was driven by lower prices of the housing, water, electricity, gas, and fuel groups by 5.72%, which led to a 2.35% decrease in inflation.
Meanwhile, the prices of the transport, recreation and culture, as well as goods and services sectors retreated by 13%, 15.08%, and 1.93%, respectively.
The prices of the clothing and footwear, restaurants and hotels, and communication groups also went down by 1.42%, 0.08%, and 0.03%, respectively.
On the other hand, the prices of the food and beverages, education, and tobacco segments rose by 2.81%, 1.87%, and 15.98%, respectively.
On a monthly basis, Dubai's CPI retreated by 0.32% in August 2020, compared to July 2020, driven by lower prices of several groups, including the housing, water, electricity, gas, and fuel and goods and services sectors.
