Dubai’s consumer prices drop 0.32% in August; down 3.69% YoY

Dubai’s consumer prices drop 0.32% in August; down 3.69% YoY

The general monthly index of consumer prices (CPI) in Dubai decreased by 0.32 percent in August, 2020 compared to July, 2020.CPI is an important economic indicator measuring changes in prices over time paid by Dubai households for a fixed basket of goods and services.Prices for housing, water, electricity, gas and fuel decreased by 0.77 percent in the emirate last month compared to July 2020, according to recent figures tweeted by the Dubai Statistics Centre.Restaurant and hotel prices have decreased by 0.01 percent in August 2020 compared to the month before.The statistics centre also revealed that CPI in Dubai decreased by 3.69 percent in August 2020 compared to the same period in 2019.Housing, water, electricity, gas and fuel prices in Dubai were decreased by 5.72 percent compared to the same period