The inflation rate in the UAE decreased by 0.02% on an annual basis during last July, compared to the same month of 2020, while it increased on a monthly basis by 0.07% compared to June 2021.
According to Arab Net, data from the Federal Competitiveness and Statistics Center reported today, Monday, that the inflation rate reached 106.62 points last July, compared to 106.64 points in July 2020, compared to 106.7 points in June 2021.
The center added that the decline in annual inflation is due to the decline in 7 spending groups, led by housing, water, electricity and gas (constituting 34.1% of the relative weight of consumer spending) by 4.32%, and food and beverages. by 1.53%, clothes and shoes 8.79%, tobacco 0.01%, communications 0.04%, miscellaneous goods and services by 2.44%, and restaurants and hotels 0.28%, according to the Emirati newspaper, Al Bayan.
While it increased on an annual basis, 5 groups exported by transportation services by 10.58%, household fixtures and equipment 1.1%, health services 0.51%, education 1.24%, and promotion and culture 17.18%.
The drop in inflation on a monthly basis was due to the fall of 6 main groups exported by clothing and footwear by 0.75%, housing, water, electricity and gas 0.37%, household fixtures and equipment 0.13%, communications 0.03% and promotion Culture 3.87%, miscellaneous goods and services 1.31%, while education group stabilized without change, food and beverage groups rose 0.24%, tobacco 0.55%, health services 0.03%, transportation services 1.64%, and food and hotels 0.03%.
At the level of each emirate, inflation decreased on a monthly basis by 0.23% in Abu Dhabi, 0.23% in Sharjah, and 0.17% in Ajman, While it increased by 0.27% in Dubai, 0.21% in Umm Al Quwain, 0.02% in Ras Al Khaimah, and 0.13% in Fujairah.
