UAE in­fla­tion up 4.43 per cent in July

The Pak Banker - - BUSINESS -

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).

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