UAE: Dubai inflation falls to lowest level since August 2023 in October
Latest reading: Inflation in Dubai came in at 2.4% in October, which was down from September’s 2.5%. October’s result represented the weakest inflation rate since August 2023, and reflected transport prices slumping at a double-digit pace due to a drop in the cost of petroleum on global markets. That said, housing and utilities prices continued to surge as a result of a booming population, rising at the second-sharpest rate since records began in 2013.
Annual average inflation fell to 3.3% in October (September: 3.5%).
Lastly, consumer prices in Dubai rose 0.16% in October over the previous month, accelerating from September’s 0.01% increase.