Thursday, 23 January 2020

#UAE cost of living: Consumer prices fall in 2019 | ZAWYA MENA Edition

UAE cost of living: Consumer prices fall in 2019 | ZAWYA MENA Edition:

The UAE’s consumer price index (CPI), which measures the costs of goods and services, has dropped 0.8 percent in 2019 from the previous year.

The continued decline in property rents and sales prices, and costs of water, electricity, fuel and gas, have kept UAE inflation in check.

According to the Statistics Centre, Abu Dhabi (SCAD), the largest contributor to the overall decrease in consumer prices in 2019 were the costs of housing, gas and utilities, which posted a decline of 3.7 percent.

Another contributing factor was transportation cost, which decreased by 5.3 percent in 2019 compared with the previous year.

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