Dubai - Mubasher: Dubai's inflation rate continued to fall for the seventeenth month in a row to register a 3.34% year-on-year (YoY) decline in April amid the coronavirus (COVID-19) pandemic.
The Consumer Price Index (CPI) decreased to 103.93 points in April 2020, compared to 107.5 points in the same month of 2019, according to the latest data by Dubai Statistics Centre.
The prices of the clothing and footwear segment, housing, water, electricity, gas, and other fuels, as well as the transport sector, declined by 6.44%, 6.3%, and 12.34%, respectively.
Meanwhile, the food and beverages and the tobacco sectors rose by 6% and 14.9%, respectively.
On a monthly basis, the inflation rate decreased by 1.09% last month, versus 0.68% in March.
In December 2018, Dubai's inflation rate began to decrease for the first time in four years.
