Dubai's inflation reaches highest level in five years | Dubai's inflation reaches highest level in five years -
Dubai

Dubai’s inflation reaches highest level in five years

: Thursday, April 17 - 2014 @ 09:06

According to the Dubai Statistics Centre, the emirate’s consumer inflation rose 3% in March over the same month last year, registering the highest increase since August 2009, Reuters has reported. Housing and utility costs, which account for almost 44% of consumer expenses, climbed 4.8% year-on-year and rose 0.4% month-on-month in March, the data showed. Food and beverage prices, which account for 11% of the basket, also rose 4.8% from a year earlier and gained 1.2% from a month earlier.

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Thursday, April 17- 2014 @ 9:06 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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