Abu Dhabi’ inflation down 2.8% in May

The inflation rate remained in the negative territory

  
Etihad Towers is the name of a complex of buildings with five towers in Abu Dhabi, the capital city of the United Arab Emirates. Image used for illustrative purpose.

Etihad Towers is the name of a complex of buildings with five towers in Abu Dhabi, the capital city of the United Arab Emirates. Image used for illustrative purpose.

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Abu Dhabi –  The consumer price index (CPI) in the Abu Dhabi decreased in May 2020 by 2.8% on an annual basis, recording a reading of 108.7, down from 111.9 in May 2019.

Accordingly, the emirate’s inflation rate remained in the negative territory for the 12th consecutive month.

The rate of decline in consumer prices between January and May of 2020 stood at 2.1%, according to recent data by the Statistics Centre ? Abu Dhabi (SCAD).

On a monthly basis, the CPI increased by 0.1% in May compared with its reading in April 2020 at 108.7.

Source: Mubasher

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