finsmart-news_admin
9
UAE: Inflation in Dubai holds steady in June
Latest reading: Inflation in Dubai was stable at May’s 2.4% in June. Looking at the details of the release, faster increases in prices for food and a milder drop in prices for transport offset a softer rise in housing and utilities prices.
The trend pointed down slightly, with annual average inflation coming in at 2.8% in June (May: 2.9%).
Finally, consumer prices in Dubai rose 0.28% over the previous month in June, contrasting the 0.18% fall logged in May.
