UAE inflation falls further in November

 

UAE inflation falls further in November
Housing and utility costs fell 5.3 per cent from a year ago in November.

abu dhabi - Costs declined because of a weak housing market

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Published: Mon 24 Dec 2018, 7:15 PM

Last updated: Mon 24 Dec 2018, 9:18 PM

Annual inflation in the UAE dropped to 1.3 per cent in November from 1.6 per cent in October because of a weak housing market, figures from the statistics agency showed.

Housing and utility costs fell 5.3 per cent from a year ago in November. Food and beverage prices rose 1.8 per cent while transport costs increased 8.8 per cent because of rising domestic gasoline prices. - Reuters



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