UAE inflation eases in February after jumping on new tax | ZAWYA MENA Edition:
"Inflation in the United Arab Emirates eased slightly in February after jumping to a multi-year high in January when the government introduced a 5 percent value-added tax, official data showed on Sunday.
The annual inflation rate came down to 4.5 percent last month from 4.8 percent in January, which was the highest level since 2015. Month-on-month, consumer prices fell 0.2 percent in February after surging 2.7 percent in January.
There were signs in February that some companies were discounting to maintain market share after initially hiking prices more sharply in response to the tax.
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