UAE inflation hits highest level since 2010 | GulfNews.com

UAE inflation hits highest level since 2010 | GulfNews.com:



"The annual inflation in the UAE climbed to 1.9 per cent in March from 1.8 per cent in February, the highest level since October 2010, according to the data released by National Bureau of Statistics on Wednesday.



Inflation statistics for Dubai showed the consumer price in the emirate was 3 per cent in March. On a month-on-month basis, Dubai’s inflation declined -0.4 per cent in March from 3.4 per cent in February. For the first quarter of 2014, inflation rate in Dubai rose to 2.59 per cent compared to 0.13 per cent in the same period of 2013.



Housing cost was the key driver of consumer inflation in the UAE. At the national level, housing and utility costs, which account for over 39 per cent of consumer expenses, rose 2.4 per cent from a year earlier in March. Food and soft drink prices, representing nearly 14 per cent of the basket, increased 2 per cent."



'via Blog this'