UAE inflation up 4.43 per cent in July
DUBAI: The cost of living in the UAE has increased considerably in July compared to a year ago, with the consumer price index rising by 4.43 per cent compared to a year earlier.
The country's inflation has been fueled by the rise in the cost of food and beverage, housing and transportation, up by 1.37 per cent, 0.13 per cent and 0.03 per cent, respectively, according to the July consumer price index released on Thursday by the National Bureau of Statistics. However, the prices of miscellaneous goods and services, health care and furniture and household goods have dropped slightly. Among the emirates, Sharjah experienced the highest increase in CPI, at 0.54 per cent, followed by Ajman (0.49 per cent), Dubai ( 0.45 per cent), Umm Al Quwain ( 0.40 per cent), Ras Al Khaimah (0.39 per cent) and Fujairah (0.15 per cent).