RIYADH: Dubai’s annual inflation rate slowed to 2.7 percent in November, down from 3.4 percent in the previous month, according to official data released by Dubai Statistical Center.
The main cause of the slowdown was a decline in transport prices, which decreased by 1.9 percent month on month.
On an annual basis, transport prices witnessed a moderate rise of 0.2 percent in November compared to a 4.2 percent increase the previous month.
The steady inflation rate aligns with the wider trend observed in the Gulf Cooperation Council region, where countries are successfully navigating price shocks by adopting effective economic policies.
In November, Saudi Arabia witnessed an inflation rate of 1.9 percent, down from 2.2 percent observed in October.
