Inflation edges up in the UAE
The overall Consumer Price Index (CPI) for the UAE reached 116.78 in 2012, and with comparison with the base year (2007 =100) the average increase of prices amount to 0.66 per cent compared with 2011.
The largest individual increases were recorded in beverage and tobacco by 6.36 per cent, followed by food and soft drinks by 5.24 per cent, education by 4.50 per cent, restaurants and hotels by 4.14 per cent, textiles, clothing and footwear by 2.42 per cent, furniture and household goods by 2.11 per cent, the report said.
Moreover, other expenditure groups like transportation has witnessed a slight increase by 0.16 per cent while communication went up by 0.01per cent.
The largest individual decrease was recorded in housing by 2.57 per cent.
- Saudi SMEs v overseas enterprises. Who is the winner?
- Why does inflation continue to rise in the UAE?
- With Sisi likely to take over, how will Egypt's 'military economy' look like?
- Will future talks between the IMF and Egypt help the country's economy?
- Is Iran's economy already thriving amidst limited sanctions relief? Apparently so!