Dubai's prices of consumer goods and services up 3.02%

Dubai: Prices of consumer goods and services in Dubai rose by 3.02 per cent in April compared to the same period in 2013, according to the Dubai Statistics Centre (DSC) data on Wednesday.

Consumer prices in the emirate rose 0.09 per cent in April compared to March, DSC said.

Prices of housing and utility were up 4.89 per cent over the last year and grew by 0.63 per cent compared to March 2014, while prices of education were up 4.87 per cent and grew by 0.85 per cent compared to the previous month, according to the centre.

Prices of food and non-alcoholic beverages were up 3.11 per cent but fell by 1.70 per cent over the previous month.

Prices of furnishings, household equipment and routine household maintenance rose 4.74 per cent, while prices of alcoholic beverages and tobacco grew by 2.63 per cent, restaurants and hotels by 2.5 per cent, and health and miscellaneous goods and services grew by 2.21 per cent. Also, prices of communication rose by 1.44 per cent, transport by 0.82 per cent and recreations and culture by 0.14 per cent.

However, clothing and footwear prices dropped 2.9 per cent.

Consumer prices in Dubai were at 3 per cent in March. On a month-on-month basis, the emirate's inflation declined -0.4 per cent in March compared to 3.4 per cent in the previous month. For the first quarter of the year, the inflation rate in Dubai climbed to 2.59 per cent compared to 0.13 per cent in the same period a year ago.

In the UAE, annual inflation rose to 1.9 per cent in March from 1.8 per cent in February, according to the National Bureau of Statistics data.

Source: gulfnews.com

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