The Dubai government is making efforts to control inflation, by following cautious fiscal and monetary policies, enhancing productivity, and supporting the most affected sectors.
Dubai’s inflation rate saw a slight decline during March 2024, reaching 3.34% compared to 3.36% in February. This decline is partly due to falling prices for some goods and services, such as food, beverages and transportation.
The consumer price index in Dubai rose to 110.77 points in March, compared to 110.50 points in the previous month.
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This increase is due to an increase in the prices of major spending and service groups, including insurance and financial services (8.67%), housing, water, electricity, gas, and fuel (6.34%), and education (3.62%).
Despite a slight decline in the annual inflation rate, some sectors saw prices rise during March.
These sectors included entertainment, culture and sports (2.51%), transportation (1.75%), and housing, water, electricity, gas and fuel (0.58%).
In contrast, the prices of other groups decreased, such as food and beverages (-0.36%), furniture and furnishings (-0.06%), and information and communications (-0.02%).
Restaurant and hotel prices also decreased by 2.15%, while insurance and financial services prices decreased by 0.08%.
Overall, this trend indicates relative stability in Dubai’s inflation rate in recent months. However, some sectors remain vulnerable to price increases, which may affect consumers’ purchasing power.
