UAE: Consumer prices fall at a stable rate in March

UAE Inflation

UAE: Consumer prices fall at a stable rate in March

Consumer prices fell 0.59% month-on-month in March, further declining from the 0.30% fall recorded in February. The March print came on the back of lower prices for most categories, with the largest decreases recorded for housing, water, electricity and gas; textile, clothing and footwear; and furniture and household goods.

In year-on-year terms, consumer prices fell 2.5% in March, matching February’s print. Meanwhile, annual average inflation fell from 1.9% in February to 1.4% in March.

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