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UAE Inflation Edges Up
World Economy

UAE Inflation Edges Up

The inflation rate in consumer prices in the UAE during the first five months of 2017 stood at 2.2%, according to Statistics Center, Abu Dhabi, a report said. The relative change rate in consumer prices during May hit 2% as compared with the same month last year, Emirates news agency WAM reported, citing a SCAD statement. SCAD attributed the increase to a 3.5% rise in prices of housing, water, electricity, gas and other types of fuels, which accounted for 55.3% of the total price hike during the first five months of the year comparatively with the same period in 2016. The hike in transportation prices claimed 33.1% of the total rise during the first five months of 2017 as compared to the same period in 2016. Prices in the recreation and culture category dropped by 9% during the first five months comparatively with the same period in 2016, contributing by 19.3% to reducing the inflation rise.

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