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Dubai’s annual inflation climbed in November up to 3.01% from 2.38% in October, according to figures (pdf) from the Dubai Statistics Center. The higher inflation reading was driven by increased prices in transport, personal care and social protection, recreation, sport and culture, housing, water, electricity, gas, and other fuel costs.
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 7.21% during November, compared to 7.16% in October. Personal care and social protection inflation reached its peak in 2024 at 3.25%, up from 1.67% in October. Additionally, prices for recreation, sport, and culture jumped to 1.07% in November from a 1.74% decrease in October.
REMEMBER- Fuel prices fell in December: The Fuel Price Committee reduced December fuel prices by nearly 5%, except for a marginal increase in diesel, following a 3% price increase in November.
Month-on-month, Dubai’s inflation increased 0.45% in November, up from a 0.17% increase in October, according to the statistics center’s monthly inflation report (pdf).
