UAE: Dubai inflation declines to lowest level since December 2023 in July
Inflation in Dubai fell to 3.3% in July from June’s 3.9%. July’s figure marked the lowest inflation rate since December 2023. Looking at details of the release, prices for ITC, recreation plus restaurants and accommodation dipped, driving the deceleration in inflation.
Annual average inflation rose in Dubai to 3.5% in July (June: 3.3%).
Lastly, consumer prices in Dubai dropped 0.08% over the previous month in July, contrasting the 0.28% increase recorded in June.