RIYADH, Apr 21 (Arab News): Dubai's annual inflation rate eased in March, hitting its lowest level since October 2024, according to official data released by the Dubai Statistics Centre.
The inflation rate in the emirate slowed to 2.79 per cent in March, down from 3.15 per cent in February. The decline was primarily driven by a deeper deflation in food and beverage prices, which dropped by 3.34 per cent year-on-year, compared to a 0.85 per cent decline in the previous month.
Dubai continues to report relatively moderate inflation compared to other major cities in the region. Analysts attribute this trend to the government's proactive measures to maintain price stability while fostering economic growth.
Despite persistent global inflationary pressures, Dubai's economy remains resilient, supported by a diverse mix of sectors including tourism, real estate, and trade.
Looking ahead, the UAE Central Bank has forecast nationwide inflation at 2 per cent for 2025 -well below the global average.
Dubai inflation eases to 2.79pc in March
FE Team | Published: April 21, 2025 23:03:57
Dubai inflation eases to 2.79pc in March
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