Dubai's inflation rate down 3.5% in May

Dubai - Mubasher: Dubai's Consumer Price Index (CPI) declined by 3.49% year-on-year (YoY) in May 2020 amid a decrease in the prices of six sections of commodities and services, when compared to 2019.

The prices of the housing, water, electricity, gas, and fuel as well as transport groups contracted by 6.26% and 12.40% each.

Meanwhile, the recreation and culture, garments and footwear, miscellaneous goods and services, and telecommunication sectors retreated by 13.56%, 6.44%, 0.55%, and 0.19%, respectively.

On the other hand, the food and beverage, education, tobacco, as well as restaurants and hotels segments rose by 5.47%, 1.87%, 14.92%, and 0.20%, respectively.

Source: https://www.zawya.com/mena/en/economy/story/Dubais_inflation_rate_down_35_in_May-SNG_177093135/