UAE: Dubai inflation moderates in May

UAE Inflation May 2024

UAE: Dubai inflation moderates in May

Dubai inflation came in at 3.8% in May, which was down from April’s 3.9%. Sharp increases in housing and utilities prices continued to drive price pressures.

Annual average inflation in Dubai ticked up to 3.2% in May (April: 3.1%).

Lastly, consumer prices in Dubai dropped 0.24% in May over the previous month, swinging from the 0.76% rise logged in April. May’s result marked the weakest reading since January.

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