Complex Made Simple

UAE’s June inflation rate is lowest this year

According to data from the UAE's National Bureau of Statistics, the country's annual inflation fell to 0.4% in June, its lowest rate this year, Reuters has reported. The housing costs, which make up nearly 40% of the consumer basket, fell 0.1% month-on-month in June, the data showed. Food prices too dropped 0.3% and transport costs were flat, the report added.