06 Nov 2018, Gergana Bencheva, EMIS Editor
UAE’s CPI inflation drops to 3.09% y/y in Sept
Sectorwise, prices in the housing and utilities industry declined by 4.4% on the year for September after a 3.9% decrease in August. Inflation in the transportation sector reached 12.93% in the ninth month of the year against almost 17% in August. The alcohol and tobacco sector saw inflation slightly rise to 86.78% versus 86.40% in August. Inflation in the clothing and footwear increased to 21.78% in September from 19.71% in August.
The UAE’s overall inflation in 2018 is higher than in 2017 which proves the recovery of the domestic demand and consumption. Yet, the Gulf state has become less attractive to foreigners due to an increase in living costs, CEEMarketWatch added.
Sign in and read the full article in emis.com, or find out more about EMIS. Original source: CEEMarketWatch - Daily News