UAE inflation rises to 4.9% on higher transport costs

Inflation in the UAE rose to 4.9 per cent last month from August last year as the increase in petrol prices led to a spike in transport costs.

The countrywide data follows statistics released last week showing that annual inflation in Abu Dhabi rose to 6.1 per cent last month for the first time since 2008, while inflation in Dubai fell to 4.4 per cent from 4.8 per cent earlier this year.

Transport costs rose 12 per cent in Abu Dhabi and 10 per cent in Dubai.

The federal government changed its method for calculating the state-subsidised fuel price in July.

Fuel prices are now determined by the average prices from the previous month of international benchmarks, plus a margin for the Abu Dhabi National Oil Company and the Emirates National Oil Company. The cost of 95 octane unleaded petrol rose 24 per cent to Dh2.14 per litre last month, up from Dh1.73 per litre in July.

The price of diesel fell 29 per cent to Dh2.05 per litre, but it does not have a direct effect on the consumer price inflation measure used to calculate countrywide inflation. The effect of higher transport costs is likely to fade from next month’s inflation figures after fuel prices this month fell from August. Petrol fell to Dh1.96 at the start of this month, down 8 per cent, while diesel fell 9.3 per cent. The government decided to act on fuel pricing, effectively cutting energy subsidies, after the oil price collapse. Benchmark Brent crude futures have fallen from about US$110 per barrel in July last year to $42 per barrel in the middle of last month.

In Dubai and Abu Dhabi, housing costs continued to drive inflation.

In Dubai, housing costs rose 7.3 per cent year-on-year last month, according to official data, which likely lags behind current market developments.

In Abu Dhabi, rents continued to rise, although a breakdown of the inflation basket was not provided. Rents in Abu Dhabi are now the second-most expensive in the world, with the average household spending $2,649 per month on rent, according to a report published last month by the real estate consultancy CBRE.

Rents in the city have been rising since the abolition of the 5 per cent cap on rents in November 2013. They rose an average 17 per cent last year, according to CBRE.

abouyamourn@thenational.ae

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FINAL RESULT

Sharjah Wanderers 20 Dubai Tigers 25 (After extra-time)

Wanderers
Tries: Gormley, Penalty
cons: Flaherty
Pens: Flaherty 2

Tigers
Tries: O’Donnell, Gibbons, Kelly
Cons: Caldwell 2
Pens: Caldwell, Cross

Teams

Punjabi Legends Owners: Inzamam-ul-Haq and Intizar-ul-Haq; Key player: Misbah-ul-Haq

Pakhtoons Owners: Habib Khan and Tajuddin Khan; Key player: Shahid Afridi

Maratha Arabians Owners: Sohail Khan, Ali Tumbi, Parvez Khan; Key player: Virender Sehwag

Bangla Tigers Owners: Shirajuddin Alam, Yasin Choudhary, Neelesh Bhatnager, Anis and Rizwan Sajan; Key player: TBC

Colombo Lions Owners: Sri Lanka Cricket; Key player: TBC

Kerala Kings Owners: Hussain Adam Ali and Shafi Ul Mulk; Key player: Eoin Morgan

Venue Sharjah Cricket Stadium

Format 10 overs per side, matches last for 90 minutes

Timeline October 25: Around 120 players to be entered into a draft, to be held in Dubai; December 21: Matches start; December 24: Finals

PSA DUBAI WORLD SERIES FINALS LINE-UP

Men’s:
Mohamed El Shorbagy (EGY)
Ali Farag (EGY)
Simon Rosner (GER)
Tarek Momen (EGY)
Miguel Angel Rodriguez (COL)
Gregory Gaultier (FRA)
Karim Abdel Gawad (EGY)
Nick Matthew (ENG)

Women's:
Nour El Sherbini (EGY)
Raneem El Welily (EGY)
Nour El Tayeb (EGY)
Laura Massaro (ENG)
Joelle King (NZE)
Camille Serme (FRA)
Nouran Gohar (EGY)
Sarah-Jane Perry (ENG)

Match info

Liverpool 4
Salah (19'), Mane (45 2', 53'), Sturridge (87')

West Ham United 0

MATCH INFO

Final: England v South Africa, Saturday, 1pm

The Bio

Amal likes watching Japanese animation movies and Manga - her favourite is The Ancient Magus Bride

She is the eldest of 11 children, and has four brothers and six sisters.

Her dream is to meet with all of her friends online from around the world who supported her work throughout the years

Her favourite meal is pizza and stuffed vine leaves

She ams to improve her English and learn Japanese, which many animated programmes originate in

At a glance

Global events: Much of the UK’s economic woes were blamed on “increased global uncertainty”, which can be interpreted as the economic impact of the Ukraine war and the uncertainty over Donald Trump’s tariffs.

Growth forecasts: Cut for 2025 from 2 per cent to 1 per cent. The OBR watchdog also estimated inflation will average 3.2 per cent this year

Welfare: Universal credit health element cut by 50 per cent and frozen for new claimants, building on cuts to the disability and incapacity bill set out earlier this month

Spending cuts: Overall day-to day-spending across government cut by £6.1bn in 2029-30

Tax evasion: Steps to crack down on tax evasion to raise “£6.5bn per year” for the public purse

Defence: New high-tech weaponry, upgrading HM Naval Base in Portsmouth

Housing: Housebuilding to reach its highest in 40 years, with planning reforms helping generate an extra £3.4bn for public finances

COMPANY%20PROFILE

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COMPANY%20PROFILE

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The low down on MPS

What is myofascial pain syndrome?

Myofascial pain syndrome refers to pain and inflammation in the body’s soft tissue. MPS is a chronic condition that affects the fascia (connective tissue that covers the muscles, which develops knots, also known as trigger points).

What are trigger points?

Trigger points are irritable knots in the soft tissue that covers muscle tissue. Through injury or overuse, muscle fibres contract as a reactive and protective measure, creating tension in the form of hard and, palpable nodules. Overuse and sustained posture are the main culprits in developing trigger points.

What is myofascial or trigger-point release?

Releasing these nodules requires a hands-on technique that involves applying gentle sustained pressure to release muscular shortness and tightness. This eliminates restrictions in connective tissue in orderto restore motion and alleviate pain. Therapy balls have proven effective at causing enough commotion in the tissue, prompting the release of these hard knots.

Roll%20of%20Honour%2C%20men%E2%80%99s%20domestic%20rugby%20season

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