Media ININ Economy We Trust
Media IN Dubai 10th-07-2019
According to a recent report issued by the Federal Competitiveness and Statistics Authority (FCSA), the UAE’s inflation rate has fallen in May for the fifth month in a row to 1.09% as compared to the same month of 2018.
The state’s consumer price index (CPI) recorded 109.87 points last May, compared to 111.08 points in May 2018, the state-run statistics agency said.
Prices in the healthcare sector slipped 0.06% year-on-year in May 2019, the food and beverages prices fell as well by 0.96%.
Likewise, prices of the ready-made clothing and footwear declined by 3.39% and prices of the housing, water, electricity, and gas segment’s services dropped by 5.48%.
On the other hand, prices of the telecommunication, the transport, and the education services within the UAE rose by 0.62%, 0.85%, and 1.23%, respectively.
Month-on-month, the GCC nation’s inflation rate stood at -0.97% in May, the FSCA added
