The annual inflation rate in the UAE rose to 0.55% last August for the first time since January 2019.
According to Arab Net, data from the UAE Federal Competitiveness and Statistics Authority showed in its monthly report that inflation remained in the negative range for 31 months before rising last August.< /p>
The rise in inflation came amid an increase in the prices of transportation group 14.60%, culture 21.67%, household fixtures and equipment 1.35%, and education 1.21%.
In contrast, the food and beverage group decreased by 1.12%, clothing and shoes by 6.29%, and housing, water, electricity and gas by 4.2%.
The consumer price index in the UAE rose by 0.43% last August, compared to the previous month of July.
