Inflation index of goods, services in Dubai up 0.76% in June

The monthly inflation in the prices of goods and services, part of consumers’ basket in Dubai, rose by 0.76 per cent in June, compared to the month of May in the previous year.

According to a report issued by the Dubai Statistics Centre (DSC), the prices of commodities in the food and beverages group rose by 2.15 per cent, the transport group by 2.09 per cent, and the clothing and footwear group by 1.57 per cent, while restaurants and hotels group rose by 0.45 per cent.

It added that the index for the group of housing, water, electricity, gas and fuel rose by 0.39 per cent. The prices of furniture set, furniture and household items and repairs rose by 0.31 per cent.

The report said the health group rates increased by 0.16 per cent, while the prices of miscellaneous goods and services group rose by 0.09 per cent. The prices for the recreation and culture group rose by 0.07 per cent.

The annual inflation index of the prices of goods and services in the consumer basket rose by 2.23 per cent in the month of June 2016, compared to the same period of 2015. The increase in tuition fees pushed up the prices in the education group index by 6.74 per cent.

Regarding the prices of housing, water, electricity, gas and fuel group, the report showed high monthly inflation index registering an increase of 0.39 per cent as the rising rents paid by tenants rose by 0.46 per cent.

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