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

All Rights Reserved - Mubasher Info © 2005 - 2019 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.