
Inflation rate in the Emirate of Dubai rose to record 0.66%, in the first half of 2013 compared to the same period of 2012 due to an increase in the prices of goods and services, according to Dubai Statistics Centre. DSC noted that the increase was led by price hikes in tobacco, education, furnishings, household equipment, routine household maintenance, food and non-alcoholic beverages, recreation and culture, transport, health and catering. The rise was slightly offset by a decrease in costs of clothing and footwear, miscellaneous goods and services, communication, housing, water, electricity, gas, and other fuels.
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No New Year cheer for UAE property market
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