United Arab Emirates: Consumer prices fall at a stable rate in March
May 5, 2019
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.
Author: Joffrey Simonet, Economist