Is the rising price of consumer goods still putting a dent in your wallet?



The Ministry of the Economy has held talks with UAE retail giants, including Carrefour, Lulu, and Manama, calling for a cut in the price of consumer goods. The move comes after consumer prices began to skyrocket across the UAE at the beginning of the summer against a backdrop of rising inflation. In recent weeks, wholesale costs of foodstuffs and raw materials have fallen, but the savings have not transferred to store shelves. Retailers say current stock had been purchased earlier at high prices, but as new shipments come in, prices will go down. Is the high price of consumer goods still putting a dent in your wallet? What else should be done to help alleviate this problem?

The specs: 2018 Jeep Compass

Price, base: Dh100,000 (estimate)

Engine: 2.4L four-cylinder

Transmission: Nine-speed automatic

Power: 184bhp at 6,400rpm

Torque: 237Nm at 3,900rpm

Fuel economy, combined: 9.4L / 100km

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The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

UPI facts

More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions