United Arab Emirates: Inflation drops in April
May 25, 2017
Consumer prices fell 0.37% in April, contrasting March’s 0.40% rise. According to the Federal Competitiveness and Statistics Authority, April’s dip was driven by lower prices for transportation, furniture and household goods and communication. In contrast, food prices rose in April compared to the prior month.
Inflation decreased from 3.0% in March to 2.2% in April, while annual average inflation remained at 1.8%.
Author: Oliver Reynolds, Economist