UAE – Mubasher: The UAE’s inflation rate has declined in July by 2.1% as compared to the same month in 2018, according to data issued by the Federal Competitiveness and Statistics Authority (FCSA).
The state’s consumer price index (CPI) stood at 108.97 points last July, versus 111.4 points in July 2018, the state-run statistics agency said.
The decrease in the inflation rate was impacted by a slump of 5.8% in the transportation services’ prices and a drop of 5.5% in the prices of ready-made clothing and footwear.
Prices in the housing, water, electricity, and gas segment’s services fell by 4.9% last July, and prices in the food and beverage segment slid by 2%.
On the other hand, prices in the tobacco, the telecommunication, and the healthcare segments edged up by 0.6%, 0.5%, and 0.01%, respectively.
Inflation rate in Abu Dhabi went down 1.1% in July as compared to June, and it slipped by 0.4% in Dubai.
Similarly, the inflation rate in Sharjah, Ajman, and Umm Al Quawain fell 0.7%, 0.3%, and 0.9%, respectively.
In Ras al Khaimah and Fujairah, the inflation rate shed 0.7% and 0.8% each in July 2019, as compared to July 2019.
