Dubai’s annual CPI up 2.33 pc in February

DUBAI, Dubai’s annual Consumer Price Index, CPI, rose 2.33 percent in February 2018 as compared to the same month last year, according to the CPI report issued by the Dubai Statistics Centre, DSC, on Tuesday.

The report said that the increase in the CPI was driven by a surge in the prices of the groups of Tobacco at 74.63 percent, Restaurants and Hotels at 12.58 percent, Transportation at 9.28 percent, Clothing and Footwear at 6.59 percent, Communications at 5.53 percent, Food and Beverages at 5.04 percent, Education at 3.95 percent, Furnishings, Household Equipment and Routine Household Maintenance at 2.75 percent, and Health at 0.59 percent.

Groups, which saw a decrease included Recreation and Culture (11.56 percent), Miscellaneous Goods and Services (1.16 percent) and Housing, Water, Electricity, Gas and other Fuel (1.03 percent).

The general CPI fell 0.14 percent in February 2018 as compared with February in 2017 on the drop in prices of the consumer baskets of Recreation and Culture (1.38 percent), Clothing and Footwear (0.97 percent), Food and Beverages (0.63 percent) and Housing, Water, Electricity, Gas and other Fuel (0.34 percent).

The groups of Furnishings, Household Equipment and Routine Household Maintenance, Transportation, Miscellaneous Goods and Services, Communications and Restaurants and Hotels went down by 1.71 percent, 0.45 percent, 0.28 percent, 0.07 percent and 0.02 percent respectively.

The prices of baskets of Health and Education maintained their former levels during the period of comparison.

Source: Emirates News Agency

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