Deflation Holds Fast in Abu Dhabi, With Housing Pressuring Most - Bloomberg:
Deflation is becoming entrenched in the United Arab Emirates’ capital.
Consumer prices in Abu Dhabi declined for a second month, falling 1.4% in July from a year ago, according to a release by the emirate’s statistics service. The city’s consumer prices index dropped to its lowest level since at least 2015, when Bloomberg first started tracking the data.
An index of prices for housing, water and electricity, which holds the biggest weight among a dozen constituents, dropped 3.6% last month.
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