|07 January, 2020

UAE’s inflation rate down for 11th month in row in November

The food and beverages segment slid by 1.13% in November

A customer walk inside a clothes store at a shopping mall in Kolkata, India, June 20, 2018. Image for illustrative purposes.

A customer walk inside a clothes store at a shopping mall in Kolkata, India, June 20, 2018. Image for illustrative purposes.

REUTERS/Rupak De Chowdhuri

UAE – Mubasher: The inflation rate in the UAE fell to 1.4% in November 2019 when compared to 1.9% in October 2019, marking a low performance for the eleventh consecutive month, according to a recent report issued by the Federal Competitiveness and Statistics Authority (FCSA).

In November, the food and beverages segment slid by 1.13% when compared to the same month in 2018, while the textiles, clothing, and footwear group shed by 7.07%, data showed.

Moreover, the housing, water, electricity, and gas sector slipped by 4.17%, while the transportation sector sank by 3.94% and the restaurants and hotels group went down by 1.37%.

Moreover, both of the furniture and household goods segment inched up by 1.68%, unlike the communications group which retreated 0.09%, on an annual basis.

In contrast, the recreation and culture sector grew by 26.28%, followed by the education with 0.69%, the tobacco with 0.57%, and miscellaneous goods and services by 1.23%.

Source: Mubasher

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