Dubai's annual inflation slowed to 0.55% last year

Dubai inflation rose by 0.31 per cent in December 2010 compared to the same period the previous year as food and transport prices showed the biggest increases, while transport and communications fell the most, according to the latest data from the Dubai Statistics Centre.

Inflation in December 2010 dropped to minus 0.26 per cent from 0.10 per cent compared to the month before, the data showed. Food and beverage price rises dropped to 4.10 per cent in December compared to 4.19 in November.

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