UAE: Inflation accelerates in October from September
Latest reading: Consumer prices in Dubai were up 3.4% in annual terms in October, following a 2.9% increase in the prior month.
Relative to the prior month’s figures, there were higher price pressures for food and beverages (+0.4% in annual terms vs +0.2% in September) and transport (+4.2% vs -0.9% in September). In contrast, price pressures reduced for housing and utilities in October (+5.5% vs +5.8% in September).
Finally, consumer prices in Dubai were up 0.63% in October on a month-on-month basis, following a 0.44% increase in the previous month.