Annual inflation in Dubai reached 3.9% in April, the highest since October 2023, according to figures from the Dubai Statistics Center (pdf). This is an increase from the 3.34% rate recorded in March.

The culprits: Prices of housing, water, electricity, gas, and other fuels — the largest component of the basket of goods and services — increased at the highest pace this year to 6.46% during April, compared to 6.34% in March, while food and beverage inflation decelerated to 2.29% from 3.1%. Price increases from restaurants and hotels have also risen to 2.17% in April from 1.17% during the previous month.

REMEMBER- Fuel prices climbed for the fourth consecutive month in May, marking a seven-month high.

Month-on-month, Dubai’s inflation increased to 0.76% in April, up from 0.24% in March, according to the statistics center’s monthly inflation report (pdf).

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