Consumer prices fell slightly in April

Health services, telecommunications, garments and footwear prices dropped in April. According to a monthly report released by the UAE Federal Competitiveness and Statistics Authority, prices by up to 0.7% from March. Costs of transport, education, housing, water, electricity, gas, food and non-alcoholic beverages rose by up to 3.4%. Meanwhile, the authority announced that the base year for calculating the consumer price index switched to 2014 instead of 2007, at the end of the first quarter of 2016. Changes in prices during 2013 and 2014 will be taken into account.