Dubai Sees Modest Inflation Uptick in February

Dubai Sees Modest Inflation Uptick in February

Arabian Post -Dubai residents experienced a slight increase in living costs last February, according to the latest consumer price index (CPI) data released by Dubai Statistics Center. The index rose by 0.43% compared to January, indicating a modest uptick in inflation. While the February increase was relatively minor, it follows a trend of gradual inflation observed throughout the past year. Since February 2023, Dubai’s CPI has risen by approximately […]

via Dubai Sees Modest Inflation Uptick in FebruaryArabian Post -

Dubai residents experienced a slight increase in living costs last February, according to the latest consumer price index (CPI) data released by Dubai Statistics Center. The index rose by 0.43% compared to January, indicating a modest uptick in inflation.

While the February increase was relatively minor, it follows a trend of gradual inflation observed throughout the past year. Since February 2023, Dubai’s CPI has risen by approximately 2.5%, driven primarily by fluctuations in specific sectors like housing, transportation, and food.

The rise in housing costs has been a key factor influencing Dubai’s overall inflation. Rents and utility bills have shown a steady increase, likely due to a rise in demand for housing units coupled with ongoing construction projects. Transportation costs have also seen an