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Abu Dhabi, Dubai inflation rates drop

Transport cost inflation fell by 4.5 and 4.2 per cent in October from the previous month in Abu Dhabi and Dubai respectively

Inflation rate for Consumer Price Index (CPI) in Abu Dhabi fell by nearly 5.5 per cent in October, while in Dubai it dropped by 3.3 per cent.

According to the figures issued by the Abu Dhabi Statistics Centre, the drop was 0.6 per cent compared with September.

News agency Reuters estimated that there was a 5.5 per cent year-on-year change, compared with 2014.

Transport cost inflation decreased by 4.5 per cent from the previous month as the UAE cut domestic petrol prices, while food and beverages dropped by 2.3 per cent.

Dubai’s inflation rate reduced by 0.43 per cent in comparison with September, according to a report issued by Dubai Statistics Centre (DSC).

In the emirate transport costs, which account for nine per cent of total inflation, fell 4.17 per cent in October, compared to September. Annually it slowed to 1.2 per cent in October from 5.5 per cent in September.

The monthly report said that the decline was driven by a decrease in the prices of major consumer groups of transport, furnishings and household equipment; routine household maintenance; and food and beverages at 4.17 per cent, 0.99 per cent and 0.72 per cent, respectively.