United Arab Emirates: Inflation inches down in February
March 23, 2015
In February, consumer prices rose 0.09% over the previous month, which followed the 0.68% increase observed in January and marked a three-month low. According to the National Bureau of Statistics, the figure mainly reflected higher prices for housing as well as electricity, gas and fuel.
Annual inflation inched down from 3.7% in January to 3.6% in February. However, annual average inflation increased from 2.5% in January to 2.7% in February, marking the highest rate on record.
Author: Dirina Mançellari, Senior Economist