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UAE: Inflation Rate Falls 3.34 Percent Due to COVID-19
May 22nd, 2020 - 06:00 GMT

UAE: Inflation Rate Falls 3.34 Percent Due to COVID-19

Overall inflation in the UAE witnessed a considerable decline of 3.34 percent during the first four months of 2020 as the Covid-19 pandemic impacted consumer demand and economic growth. However, prices of some basic commodities including food and beverages (F&B) rose due to transport restrictions in the wake of the coronavirus outbreak. The latest reports indicate that inflation will remain muted during the remainder of the year. Data shows that ...
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