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Wed 21 Mar 2018 09:11 AM

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Rising prices sees Dubai inflation increase slightly in February

Largest consumer price index increase was in tobacco products, at 74.63 percent

Rising prices sees Dubai inflation increase slightly in February

Dubai’s annual consumer price index (CPI) went up 2.33 percent in February 2018 compared to the same month in 2017, according to new data from the Dubai Statistic Centre.

In its CPI report, the DSC said that the rise is attributable to a 74.63 percent increase in the price of tobacco products, a 12.58 rise in restaurant and hotel prices, a 9.28 percent surge in transportation costs, and 6.59 percent increase in clothing and footwear prices.

Other categories that registered price increase were communications (5.53 percent), food and beverages (5.04 percent), education (3.95 percent), furnishings, household equipment and routine household maintenance (2.75 percent) and health (0.59 percent).

Groups which saw decreases included recreation and culture (11.56 percent), miscellaneous goods and services (1.16 percent) and housing, water, electricity, gas and other fuel (1.03 percent).

The general CPI fell 0.14 percent in February 2018 compared to 2017, due to a drop in the consumer baskets of recreation and culture (1.38 percent), clothing and footwear (0.97 percent), food and beverages (0.63 percent) and housing, water, electricity, gas and other fuel (0.34 percent).

Furnishing, household equipment, routine household maintenance, transportation, miscellaneous goods and services, communications, restaurants and hotels went down 1.71 percent, 0.45 percent, 0.28 percent, 0.07 percent and 0.02 percent respectively.

Health and education maintained their former levels during the same month.