Dubai - Mubasher: Dubai's Consumer Price Index (CPI) declined by 3.49% year-on-year (YoY) in May 2020 amid a decrease in the prices of six sections of commodities and services, when compared to 2019.

The prices of the housing, water, electricity, gas, and fuel as well as transport groups contracted by 6.26% and 12.40% each.

Meanwhile, the recreation and culture, garments and footwear, miscellaneous goods and services, and telecommunication sectors retreated by 13.56%, 6.44%, 0.55%, and 0.19%, respectively.

On the other hand, the food and beverage, education, tobacco, as well as restaurants and hotels segments rose by 5.47%, 1.87%, 14.92%, and 0.20%, respectively.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2020 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.