Inflation in United Arab Emirates

United Arab Emirates Inflation | Economic News & Forecasts

United Arab Emirates - Inflation

Inflation hits over two-year high in August

Consumer prices increased 0.43% in August over the previous month, contrasting July's 0.07% fall. August's figure marked the highest reading since April. The higher reading was in large part due to higher food and beverages prices as well as a lower decrease in housing, water, electricity, and gas prices.

Inflation came in at 0.6% in August, swinging from July’s flat reading. August's result was the highest inflation rate since November 2018. Meanwhile, the trend pointed up mildly, with the annual average variation of consumer prices coming in at minus 1.3% in August (July: -1.5%).

FocusEconomics Consensus Forecast participants expect consumer prices to grow 1.9% on average in 2021, which is up 0.1 percentage points from last month’s forecast. For 2023, they see inflation averaging 1.7%.

United Arab Emirates - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)4.1  1.6  2.0  3.1  -1.9  

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United Arab Emirates Inflation Chart

UAE Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Bureau of Statistics.

United Arab Emirates Facts

Value Change Date
Exchange Rate3.670.0 %Dec 31
Stock Market0.10.75 %Jan 07

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