Dubai’s annual inflation came in at 3.85% y-o-y in June, inching up from 3.81% in May, but remaining slightly lower than its peak in April, according to figures from the Dubai Statistics Center (pdf). The higher inflation reading was driven by price increases across all goods and services categories.

The breakdown: 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 6.66% during June, compared to 6.58% in May, while food and beverage inflation accelerated to 2.35% from 2.28%.

Month-on-month, Dubai’s inflation rose to 0.28%, reversing the 0.24% decline recorded in May, according to the statistics center’s monthly inflation report (pdf).

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