Dubai’s CPI inflation eases to 4.3% y/y in February

By bne IntelliNews March 11, 2015

Dubai’s CPI inflation edged down to 4.33% y/y in February from a five-year high of 4.5% y/y the previous month as strong demand for housing, clothing, footwear and furniture largely offset falling food prices, the state news agency WAM reported on March 11. The statistics office has not published a breakdown yet.

Rising prices across the board amid strong private consumption and renewed confidence will continue to fuel Dubai’s CPI inflation in the near term despite lower crude oil prices.

The reading confirms government concerns about the heating economy amid unprecedented public spending on infrastructure and rebounding trade, property and commercial activity. In 2014, Dubai’s CPI inflation hit 3.37%, spiking from just 1.31% in 2013.

In monthly terms, the CPI grew 0.24% in February, cooling from a 0.8% m/m increase the previous month.

Housing costs, which make up 44% of the CPI basket, grew 0.65% m/m in February, keeping the annual growth at 7.56%, the same as in January.

Food and non-alcoholic prices (11% of the index) rose 0.22% m/m (down 1.8% m/m in January), narrowing the annual decline to 0.64% in February from 1.6% y/y a month earlier.

Tobacco and alcoholic prices grew 9.35% y/y in February, the same as the month before.

Clothing and footwear charges also remained unchanged in annual terms, rising 8.3% in February, the same as a month earlier.

Related Articles

Iran, Syria sign raft of memoranda and deals

Following the purge of foreign-backed rebels in the devastated Syrian city of Aleppo by Iranian, Lebanese and Russian forces, Damascus’s prime minister Imad Khamis was in Tehran to sign five ... more

Egypt could return to emergency rule amidst deadly bomb explosions

A spate of explosions in Egypt over the long weekend marking the birthday of Prophet Mohamed culminated in the detonation of a bomb at a church attached to the Coptic Christian Cathedral that ... more

Egypt’s inflation spikes post November currency floatation, rate hike expected

Egypt’s annual inflation rate spiked in November to hit its highest levels since July 2008, reflecting the effects of the general rise in price levels of goods since the Egyptian pound’s ... more

Register here to continue reading this article and 2 more for free or purchase 12 months full website access including the bne Magazine for just $119/year.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

To continue viewing our content you need to complete the registration process.

Please look for an email that was sent to with the subject line "Confirmation bne IntelliNews access". This email will have instructions on how to complete registration process. Please check in your "Junk" folder in case this communication was misdirected in your email system.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

If you have any questions please contact us at sales@intellinews.com

Subscribe to bne IntelliNews website and magazine

Subscribe to bne IntelliNews website and monthly magazine, the leading source of business, economic and financial news and commentary in emerging markets.

Your subscription includes:
  • Full access to the bne content daily news and features on the website
  • Newsletters direct to your mailbox
  • Print and digital subscription to the monthly bne magazine
  • Digital subscription to the weekly bne newspaper

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

bne IntelliNews
$119 per year

All prices are in US dollars net of applicable taxes.

If you have any questions please contact us at sales@intellinews.com

Register for free to read bne IntelliNews Magazine. You'll receive a free digital subscription.

Already a subscriber or registered - click here to recover access.

If you a IntelliNews Pro user - click here to login.

Thank you. Please complete your registration by confirming your email address.
A confirmation email has been sent to the email address you provided.

IntelliNews Pro offers daily news updates delivered to your inbox and in-depth data reports.
Get the emerging markets newswire that financial professionals trust.

"No day starts for my team without IntelliNews Pro" — UBS

Thank-you for requesting an IntelliNews Pro trial. Our team will be in contact with you shortly.

Dismiss