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Dubai’s inflation rate falls in January

Dubai’s inflation rate falls in January

Lower transport costs were the main factor behind the decrease

Dubai’s inflation rate fell 0.34 per cent month-on-month in January to 1.9 per cent.

Decreasing transport costs were the main factor driving the decrease, according to Dubai Statistics Centre.

In the government body’s Consumer Price Index for January, transport cost inflation fell 2.66 per cent.

Meanwhile, housing and utility costs, which account for almost 43.7 per cent of consumer expenses, fell 0.46 percent.

Clothing and footwear prices dropped by 4.13 per cent and food and beverage prices, accounting for 11 per cent of the basket, climbed 3.14 per cent.

Last month, prices in restaurants and hotels also increased by 1.63 per cent.

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