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Dubai's inflation rises 0.33% MoM in June

Dubai's inflation rises 0.33% MoM in June
Dubai's inflation has increased in June

UAE – Mubasher: The consumer price index (CPI) in Dubai went up by 0.33% month-on-month (MoM) to 107.25 points in June, when compared to May, according to the latest statistics by the Federal Competitiveness and Statistics Authority (FCSA).

Dubai's inflation has increased in June because of a rise in six expenditure sectors, which account for around 81% of the total weight of the CPI, as shown by the data of FCSA.

The spending on the restaurants and hotels, transport, and goods and services groups rose by 1.27%, 1.04%, and 0.56%, respectively.

Meanwhile, expenditure on the housing, water, electricity, gas, and other fuels and education segments increased by 0.48% and 0.19% each.

On the other hand, expenditure on four groups retreated, including the furniture and household equipment group with a 1.02% decline and the recreation and culture sector with 0.39%.

At the same time, the tobacco group remained unchanged.