October 1, 2019 / 10:46 AM / 15 days ago

UAE consumer price index falls 2.04% in August year-on-year

DUBAI (Reuters) - The consumer price index (CPI) in the United Arab Emirates (UAE) fell 2.04% in August compared to a year earlier, according to government statistics published on Tuesday.

However, the CPI index was up 0.33% in August compared to July, the data showed.

Annual prices in Saudi Arabia and the UAE have remained weak this year due to the fading impact of a value-added tax imposed in early 2018, which pushed up prices last year.

Reporting by Nafisa Eltahir; Editing by Saeed Azhar

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