Consumer prices in the emirate of Dubai rose three per cent on average in October compared to the same month a year ago, Dubai Statistics Centre (DSC) said on Monday.
The rise in CPI (consumer price index) was due to the increase in prices of the housing, water, electricity and gas group by 22 per cent, furniture and household goods by 15 per cent, transport by 14 per cent and hotels and restaurants by 1 per cent.
The DSC said group whose priced decreased were food and soft drinks (44 per cent), miscellaneous goods and services (10 per cent), communications (01 per cent) while prices of other groups remained stable.
The DSC noted that annual average inflation of CPI surged 2.07 per cent in October compared to the same month in 2012.
Consumer prices in Dubai surged 2.67 per cent in Dubai in November on the backdrop of rise in prices of goods and services during the month. Education, clothing and footwear and services of hotels and restaurants turned dearer during the month that pushed overall price index.
However, retail prices declined 0.12 per cent on a month-to-month basis as compared to their level in October. The recently released figures by the Dubai Statistics Center indicates decline in prices of water, electricity, food, houses and gas.
Prices of food and non-alcohol drinks declined 1.29 per cent given to ease in prices of fish, seafood and vegetables. Similarly, tobacco products, health services and miscellaneous commodities reported a rise of 3.8 per cent, 3.35 per cent and 2.97 per cent during the reporting month.
Prices of furniture, fixtures and house ware rose 2.17 per cent in November while transportation became dearer by 0.49 per cent. Other expenditure groups including entertainment and culture group reported a rise of 0.03 per cent.
Property market continued to remain under pressure and prices of housing materials, services and maintenance declined by 2-5 per cent.
