UAE: Dubai inflation moderates in May
Dubai inflation came in at 3.8% in May, which was down from April’s 3.9%. Sharp increases in housing and utilities prices continued to drive price pressures.
Annual average inflation in Dubai ticked up to 3.2% in May (April: 3.1%).
Lastly, consumer prices in Dubai dropped 0.24% in May over the previous month, swinging from the 0.76% rise logged in April. May’s result marked the weakest reading since January.