UAE: Inflation in Dubai comes in at highest level since March in September

UAE Inflation September 2023

UAE: Inflation in Dubai comes in at highest level since March in September

Inflation in Dubai came in at 3.8% in September, up from August’s 2.3%. September’s reading represented the highest inflation rate since March. Stronger price increases for food and housing and utilities drove the reading.

Annual average inflation edged down to 3.6% in September (August: 3.7%).

Lastly, consumer prices in Dubai rose 0.87% in September over the previous month, accelerating from August’s 0.49% rise. September’s figure marked the highest reading since July 2022.

Meanwhile, data for the UAE as a whole is not available past Q4 2022, when inflation softened to 4.6%, after it peaked—as expected—in Q3 2022 at 6.5%. Consequently, in 2022 inflation accelerated to a multi-year high of 4.8%, markedly above 2021’s 0.2% print.

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