UAE inflation up for first time in four months

Food and beverage prices jump 2.9% in 12 months through March, education up 10.5%.
UAE inflation up for first time in four months
By Henry Meyer
Sun 25 Apr 2010 12:23 PM

Annual inflation rose for the first time in four months in the United Arab Emirates in March, led by higher prices for food, beverages and education, the National Bureau of Statistics reported.

Inflation rose 0.68 percent in March from a year earlier and 0.1 percent compared with the previous month, after the UAE registered annual deflation in February, January and December.

Consumer prices were 0.68 percent higher in March than a year earlier, after falling 0.27 percent in February on a yearly basis, according to data posted on the bureau’s website on Sunday.

Food and beverage prices jumped 2.9 percent in the 12 months through March, education costs rose 10.5 percent and prices for furniture and other items increased 7.2 percent. (Bloomberg)

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