Annual inflation in Dubai decelerated to a nine-month low in September, dipping to 2.50% from 3.38% in August, according to figures (pdf) from the Dubai Statistics Center. The lower inflation reading was driven by slower growth of food and beverage, transport, restaurant and accommodation, and insurance and financial services costs.

The breakdown: Prices of housing, water, electricity, gas, and other fuels — the largest component of the basket of goods and services — advanced at the highest pace this year to 7.02% in September, compared to 6.92% in August. Meanwhile, food and beverage inflation cooled to 1.81% from 2.75%.

REMEMBER- The Fuel Price Committee slashed fuel prices for October by about 8%, following a 6% price decrease in September.

Month-on-month, Dubai’s inflation slowed to 0.01% in September, down from a 0.55% increase in August, according to the statistics center’s monthly inflation report (pdf).

Tags: