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UAE June consumer price index down 1.49% year-on-year

UAE June consumer price index down 1.49% year-on-year

The decline in CPI has partly reflected the fading impact of last year’s introduction of a value-added tax

The consumer price index (CPI) in the United Arab Emirates fell 1.49 per cent in June from a year earlier, government data showed on Monday.

The CPI index fell 0.03 per cent in June from May, the Federal Competitiveness and Statistics Authority said on its website.

The decline in CPI has partly reflected the fading impact of last year’s introduction of a value-added tax in the United Arab Emirates, economists have said.

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