UAE Consumer Price Index (CPI) fell by 2.5 percent Year-on-Year in March 2019

Media IN Abu-Dhabi 17-05-2019

Consumer prices in United Arab Emirates fell 2.5% year-on-year in March of 2019, the same pace as in the previous month.

It was the third straight month of deflation, as prices continued to dropped for housing and

·        utilities (-6.5%  compared to -5.9% in February 2019)

·        Transport (-5.3% compared to  -7.0% in February 2019)

·         Food and beverages (-0.7% compared to -1.9% February 2019)

·         Medical care (-0.2% compared to  -0.1% February 2019).

Meantime, prices increased softer for:

§  Furniture & household equipment (1.8% compared to  2.8% in February 2019)

§  Miscellaneous goods & services (0.2% compared to 1.2% in February 2019)

§  Textiles, clothing & footwear (6.8% compared to  9.3% in February 2019)

§   Recreation & culture (4.1% compared to  3.3% in February 2019) rose faster.

Meanwhile, inflation was steady for:

·        Education (at 1.4%)

·         Communication (at 0.2%)

·        Tobacco (at 2.5%).

On a monthly basis, consumer prices went down 0.6 percent, after decreasing 0.3% in February. Inflation Rate in the United Arab Emirates averaged 2.12 percent from 1990 until 2019, reaching an all time high of 12.30 percent in December of 2008 and a record low of -2.50 percent in February of 2019