Sep 16 2012
|more articles from|
UAE Annual Inflation in August up at 0.95% on Rising Food Costs
Sunday, Sep 16, 2012
DUBAI (Zawya Dow Jones)--Annual inflation in the United Arab Emirates rose to 0.95% in August, from 0.46% in July, driven mainly by higher food and beverage prices, the National Bureau of Statistics said in an emailed statement on Sunday.
The food & non alcoholic beverages category of the consumer price index, or CPI, was up an annual 4.68% in August, while beverages and tobacco showed an increase of 5.42%.
The overall rise was mitigated by a drop in housing prices by 1.29% on year. The housing category is responsible for nearly 40% of the U.A.E.'s CPI.
Write to Leila Hatoum at firstname.lastname@example.org
(END) Dow Jones Newswires
© Copyright Zawya. All Rights Reserved.