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Dubai / WAM
The annual Consumer Price Index (CPI), rate in the emirate of Dubai dropped by 1.20 percent in February compared to the same period in 2019, according to figures released by Dubai Statistics Centre (DSC) on Sunday.
The DSC monthly report noted decline in CPI was driven by the decrease in prices of housing, water, electricity, gas and fuel groups by a total of 5.21%, driving inflation to go down by 2.21%.
The clothing and footwear group by reduced by 3.21%, while recreation and culture group declined by 0.98%. Miscellaneous goods and services group reduced by 0.38% and the health services group also so a drop of 0.01%.
The report also indicated that CPI of the transportation group rose by 5.11% pushing inflation rate up by 0.53%, while the food and beverages group went up by 2.38%. Education, tobacco, furniture and household goods and services also increased by 1.66%, 14.79% and 0.55% respectively.
Telecommunications also saw an increase of 0.17 percent and restaurants and hotels rose by 0.18 percent.
The report noted the decrease in the monthly CPI in the reference month by 0.33 percent over the previous month.