United Arab Emirates: Inflation sharply declines in October
November 27, 2018
Consumer prices fell 0.48% in October from the previous month, up from September’s 0.61% decline. October’s reading was largely driven by lower prices for transportation; food and beverages; and housing, water, electricity and gas.
Inflation again tumbled from 3.1% in September to 1.6% in October, while annual average inflation fell from 3.4% in September to 3.3% in October.
Author: Joffrey Simonet, Economist