|10 July, 2019

UAE inflation marks five month low in May

UAE's consumer price index (CPI) recorded 109.87 points last May, compared to 111.08 points in May 2018

Image used for illustrative purpose. People shop at Dubai Mall June 3, 2012.

Image used for illustrative purpose. People shop at Dubai Mall June 3, 2012.

REUTERS/Ghazal Watfa

UAE – The UAE’s inflation rate has fallen in May for the fifth month in a row to 1.09% as compared to the same month of 2018, according to a recent report issued by the Federal Competitiveness and Statistics Authority (FCSA).

The state’s consumer price index (CPI) recorded 109.87 points last May, compared to 111.08 points in May 2018, the state-run statistics agency said.

Prices in the healthcare sector slipped 0.06% year-on-year in May 2019, the food and beverages prices fell as well by 0.96%.

Likewise, prices of the ready-made clothing and footwear declined by 3.39% and prices of the housing, water, electricity, and gas segment’s services dropped by 5.48%.

On the other hand, prices of the telecommunication, the transport, and the education services within the UAE rose by 0.62%, 0.85%, and 1.23%, respectively.

Month-on-month, the GCC nation’s? inflation rate stood at -0.97% in May, the FSCA added.

Source: Mubasher

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