Abu Dhabi – Mubasher: The consumer price index in Dubai increased during February 2023 to 106.91 points, compared to January 2023, during which it scored 106.09 points.
The annual inflation in the emirate rose to 4.9 percent as a result of the rise in the prices of 12 main spending groups: entertainment, sports and culture by 21.11 percent, furniture, furnishing and household appliances and their repair by 9.42 percent, clothing and footwear by 6.82 percent, food and beverages by 6.29 percent, insurance and financial services by 5.41 percent, according to Gulf newspaper.
It also increased in housing, water, electricity, gas and fuel by 4.87 percent, restaurants and hotels by 4.47 percent, transportation services by 4.28 percent, personal care, social protection and miscellaneous goods by 4.22 percent, education services by 0.78 percent, health by 0.83 percent, and finally information and communication services by 0.17 percent. While the tobacco group declined by 8.11 percent.
Dubai’s inflation level for February rose to 0.77 percent, after recording its first monthly contraction in January 2023 by -0.58 percent.
The prices of 9 main commodities and services rose on a monthly basis: insurance and financial services by 4.74 percent, transportation by 3.67 percent, clothing and footwear by 1.32 percent, food and beverages by 0.70 percent, housing, water, electricity, gas and fuel by 0.47 percent, personal care, social protection and miscellaneous goods by 0.33 percent, and furniture. Furnishing, household items and repairs 0.03%, entertainment, sports and culture 0.16%, information and communications 0.01%.
While the prices of the restaurants and hotels group decreased by 0.09 percent, and the monthly prices of the following groups: tobacco, health services, and education remained stable.
Consumer figures in the emirate recorded their first monthly contraction during the current year 2023 in January, by -0.58%, and rebounded and recorded an increase in the following month (February) by 0.77%.
The record continued its rise in 2023, as it recorded an increase of 4.58 percent, and it continued its rise in February to 4.9 percent.
To trade and invest in Gulf stock exchanges, click here.
nominations:
Direct Harvest.. The most prominent decisions and economic events in the UAE during 2022
How did fuel prices move in the UAE during 2022?
Since the beginning of 2022.. gold prices in the UAE are declining amid fears
Where are the UAE stock markets heading in 2023?
Abu Dhabi offers the possibility of replacing the approval of a construction loan with a loan to purchase a ready-made home
A downward journey in gold prices in the UAE since the beginning of 2022.. and 21 karat is declining by 7%
The share of “Dana Gas” rises in conjunction with the announcement of the financial results