UAE – Mubasher: The UAE’s inflation rate has fallen in June 2019 by 1.49% year-on-year, according to a recent report issued by the Federal Competitiveness and Statistics Authority (FCSA).
Month-on-month, the GCC nation’s inflation rate inched down 0.03% in June, the state-run statistics agency said revealed.
The food and beverages segment has contributed to the inflation decline by 1.72%, while the ready-made clothing and footwear segment made up 6.29% of the decrease rate, the FCSA said.
Moreover, prices of the housing, water, electricity, and gas segment’s services contributed to the inflation drop by 5.3%.
On the other hand, the prices of tobacco products rose by 1.57% year-on-year in June.
It is worth noting that the consumer price index (CPI) of the UAE had recorded 109.87 points in May 2019, compared to 111.08 points in May 2018.
