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Dubai CPI registers first fall in 21 months

Dubai, February 19, 2012

The consumer prices in Dubai have registered the first year-on-year fall in the last 21 months, due to a 5.5 per cent drop in housing and utilities costs, according to data released by Dubai Statistics Center.

Analysts polled by Reuters in December said they expected the average inflation in the UAE to be 2.4 per cent in 2012 after an estimated 1.6 per cent in 2011.-Reuters

Tags: Dubai | Housing | consumer price |

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