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UAE September inflation eases to 4.3pc

ABU DHABI, October 20, 2015

Inflation in the United Arab Emirates eased to 4.3 per cent in September, according to consumer price data released by the National Bureau of Statistics.

The data showed inflation easing from August, which saw the highest annual rate (4.9 per cent) since February 2009.
    
Housing and utility costs, which account for over 39 per cent of consumer expenses, rose 8.3 per cent from a year earlier in September. Abu Dhabi, the biggest emirate in the UAE, hiked electricity and water tariffs from January 1.
    
Food and soft drink prices, which account for nearly 14 per cent of the basket, climbed 2.0 per cent from a year ago.

Transportation price inflation eased to an annual 5.9 per cent in September from 10.7 per cent in August. The UAE lowered gasoline and diesel prices in September; in August, gasoline prices jumped when the UAE reformed its domestic fuel pricing system, linking prices to global levels. - Reuters
 




Tags: UAE | inflation | Housing |

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