Dubai: CPI inflation accelerates in July

Headline CPI inflation in Dubai accelerated to 2.9% y/y in July, up from 2.4% in June, with a monthly increase of 0.4%.
Transport prices saw slower deflation, down 3.4% y/y in July compared to a 7.4% decline in June, primarily due to variations in petrol prices.
Housing & utilities remained the primary driver of price growth at 6.4% y/y, though the trend has been disinflationary for the past five months.

Daniel Richards