United Arab Emirates: Inflation eases in February
March 28, 2016
In February, consumer prices fell 0.24% over the previous month, which followed the 0.33% decrease observed in January. The figure is the second monthly decline in a row, and fourth decrease in the past five months. According to the National Bureau of Statistics, transportation was the component that observed the largest monthly fall in prices in February.
Inflation inched down from 2.5% in January to 2.2% in February. Annual average inflation also fell slightly, from 4.0% in January to 3.9% in February.
Author: Robert Hill, Economist