The consumer price index in the United Arab Emirates recorded a contraction of eighteen in a row since the beginning of last year 2019 during the month of June, which led to a decrease in annual inflation by -2.36%, while it rose on a monthly basis by 0.33% compared to May of this year, according to data issued by the Federal Competitiveness and Statistics Authority.
The prices of five major spending groups led inflation to the monthly decline in last June: equipment and household equipment by 1.02%, communications services 0.7%, health services 0.06%, recreation and culture 0.39%, and finally clothes and shoes by 0.35%. While the prices of six major spending groups rose on a monthly basis: food and beverages 0.09%, housing services, water, electricity and gas 0.48%, transportation 1.04%, education 0.19%, restaurants and hotels 1.27%, and prices of miscellaneous goods and services increased by 0.56%, while maintaining tobacco prices are at their monthly levels.
At the level of the UAE, the monthly inflation rate in Dubai increased by 0.16%, Sharjah by 1.57%, Umm Al Quwain by 0.38%, Ajman by 0.95%, and Fujairah by 0.38%, while in Abu Dhabi, it fell by 0.08% and Ras Al Khaimah by 0.01%.
Source (Al-Khaleej Newspaper-UAE, Edited)
