United Arab Emirates: Inflation declines in November
December 22, 2014
In November, consumer prices fell 0.20% over the previous month, which contrasted the 0.11% increase tallied in the previous month and marked the lowest reading since February 2012. According to the National Bureau of Statistics, the figure mainly reflected lower prices for food and soft drinks as well as for textiles, clothing and footwear.
Annual inflation decreased from October’s 3.1% to 2.8% in November, which marked the lowest print in three months. Annual average inflation inched up from 2.1% in October to 2.2% in November.