UAE cost of living: Consumer prices fall in 2019 – ZAWYA

UAE cost of living: Consumer prices fall in 2019 – ZAWYA

Household spending on essentials at low levels due to cheaper housing, utility costs. The continued decline in property rents and sales prices, and lower costs of water, electricity, fuel and gas, have kept UAE inflation in check.. The UAE's consumer price index (CPI), which measures the costs of goods and services, dropped 0.8 percent in 2019 from the previous year.. Another contributing factor was transportation cost, which decreased by 5.3 percent in 2019 compared with the previous year.. The International Monetary Fund (IMF) has recently revised the UAE's 2019 growth outlook from 2.8 percent in April 2019 to 1.6 percent..