UAE April inflation eases to 0.9pc y/y
Abu Dhabi, May 18, 2013
The consumer prices in the UAE slowed to 0.9 per cent year-on-year compared to the previous month, the data from the National Bureau of Statistics showed.
The housing and utility costs, which account for over 39 per cent of consumer expenses, fell 0.1 per cent year-on-year and remained unchanged month-on-month in April, according to the data released on Saturday.
Food prices, which make up nearly 14 per cent of the basket, increased 2.5 per cent on an annual basis but dipped 0.2 per cent from the previous month, the data also showed.
Analysts polled by Reuters in April forecast average inflation in the UAE federation to accelerate to 1.6 per cent in 2013 from 0.7 per cent in 2012, which was the lowest level since 1990.-Reuters