United Arab Emirates: Upward spiral in inflation continues in October
November 25, 2014
In October, consumer prices increased 0.11% over the previous month, which followed September’s 0.93% increase and represented the slowest monthly expansion in three months. According to the National Bureau of Statistics, the figure mainly reflected higher prices for food and soft drinks, housing as well as for restaurants and hotels.
Annual inflation increased from September’s 2.9% to 3.1% in October, which marked the highest print since March 2009. Likewise, annual average inflation inched up from 1.9% in September to 2.1% in October.