Data issued by the UAE Statistics Center showed today, Tuesday, that the consumer price index (inflation) in the country came out of the negative range last August, for the first time in 13 months.
The center said that this development was driven by the rise in transport prices, which have a heavy impact on the index.
The inflation rate rose by 0.55% on an annual basis in August, which is the first positive rate recorded by the index since January 2019, and the consumer price index rose by 0.43% on a monthly basis in August.
Annual inflation rose in 6 spending groups, topped by transportation services (constituting 14.6% of the relative weight of consumer spending), supplies and household equipment 1.35%, tobacco by 0.14%, health services by 0.51%, promotion and culture 21.76%, and education 1.21%.
The rise in inflation on a monthly basis came as a result of the rise of 5 main groups, led by food and beverages by 0.74%, clothing and shoes by 0.7%, and household appliances and equipment by 0.09%.
Transportation services rose by 1.37%, promotion and culture 4.08%, miscellaneous goods and services 0.02%, while the tobacco group, health services, and education stabilized.
And the UAE economy began a gradual exit from the repercussions of the pandemic, which cast heavy shadows on the country, which depends for its income on tourism, travel and the real estate sector, in addition to its oil sales, all of which were strongly affected during the past year.
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