UAE’s inflation eases 2.5% y/y in January

Mubasher: UAE’s consumer price index fell in January by around 2.5% year-on-year, showed data released Wednesday by the Federal Competitiveness and Statistics Authority.

Inflation rate also declined by 2.8% month-on-month.

The country’s CPI reached 123.49 bp in January, compared with 127.05 bp in December, 2014.

Mubasher Contribution Time: 16-Mar-2016 15:01 (GMT)