Dubai's inflation drops in December

Largest drop was recorded in prices of food and non-alcoholic beverages. (Shutterstock)

Dubai's Consumer Price Index (CPI) shrank 0.03 per cent in December 2014 as compared to November driven by decline in prices of groups of food and non-alcoholic beverages at 3.44 per cent and recreations at 0.31 per cent, a report issued by the Dubai Statistics Centre (DSC) showed.

The DSC's monthly inflation report said that inflation rose in the groups of clothing and footwear by 1.32 per cent; housing, water, electricity, gas and other fuels by 0.82 per cent; furnishings, household equipment and routine household maintenance by 0.55 per cent; health by 0.52 per cent; transport by 0.24 per cent; miscellaneous goods and services by 0.07 per cent; restaurants and hotels by 0.03 per cent; and communication by 0.02 per cent.

Prices of other groups remained stable during the month.

(Image via Shutterstock)

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