UAE inflation up 0.09% in December

UAE inflation up 0.09% in December

Spending improved in nine out of the 13 sectors that form the index.

  • Spending improved during the month of December on clothing, shoes, supplies, household equipment, transportation service
  • On the other hand, spending on housing, water, electricity, gas, food and beverages sectors decreased

The UAE’s inflation rate index increased to 105.97 points during December 2020, an increase of 0.09 percent compared to 105.87 the month before, after the improvement in spending in most sectors that make up the index, according to a report by the Al Arabiya website, citing figures from the Federal Competitiveness and Statistics Center.

Spending improved in nine out of the 13 sectors that form the index, which is a statistical method for measuring changes in the price of goods and services during two time periods.

Spending improved during the month of December on clothing, shoes, supplies, household equipment, transportation services, communications, promotion, culture, education and tobacco, in addition to the restaurants, hotels, and other goods and services, the report said.

On the other hand, spending on housing, water, electricity, gas, food and beverages sectors decreased, while spending on health services stabilized.

The largest increase was recorded in the index of Abu Dhabi by 0.40 percent during the month of December, followed by Ras Al Khaimah (0.22 percent), Sharjah (0.11 percent), Umm Al Quwain (0.08 percent) and Ajman (0.02 percent), while the Dubai index decreased by 0.38 percent.

Canonical Link: https://www.arabnews.com/node/1802371/business-economy

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