United Arab Emirates: Inflation increases in December
January 22, 2015
In December, consumer prices rose 0.34% over the previous month, which contrasted the 0.20% decrease tallied in the previous month and marked a three-month high. According to the National Bureau of Statistics, the figure mainly reflected higher prices for education, furniture and household goods as well as for housing.
Annual inflation rose from 2.8% in November to 3.1% in December. In addition, annual average inflation inched up from 2.2% in November to 2.3% in December, marking the highest rate on record.