Dubai’s annual inflation slowed to 3.36% y-o-y during February, cooling from January’s 3.6%, according to figures from the Dubai Statistics Center (pdf). The lower inflation reading came on the back of a drop in transportation, entertainment, sports, culture, and tobacco prices, alongside a slowdown in food and beverage costs.

The breakdown: Inflation in the prices of housing, water, electricity, gas, and other fuels — the largest component of the basket of goods and services — rose to 6.25% during February compared to 6.2% in January, while food and beverage price inflation decelerated to 3.08% from 3.69%.

On a monthly basis, inflation inched up to 0.54 in February, from 0.26% in January, according to the statistics center’s monthly inflation report (pdf).

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