UAE: Dubai inflation cools in August
Latest reading: Consumer prices in Dubai increased 2.4% on a year-on-year basis in August, down from the 2.9% rise seen in the prior month.
Relative to the previous month’s figures, there were lower price pressures for housing and utilities (+6.0% yoy vs +6.4% in July) and transportation (-3.5% vs -3.4% in July).
Finally, consumer prices increased 0.11% in August in month-on-month terms, following a 0.42% rise in the prior month.