UAE: Inflation sharply declines in October

UAE Inflation

UAE: Inflation sharply declines in October

Consumer prices fell 0.48% in October from the previous month, up from September’s 0.61% decline. October’s reading was largely driven by lower prices for transportation; food and beverages; and housing, water, electricity and gas.

Inflation again tumbled from 3.1% in September to 1.6% in October, while annual average inflation fell from 3.4% in September to 3.3% in October.

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