UAE: Inflation in Dubai comes in at highest level since October 2023 in January

UAE Inflation January 2024

UAE: Inflation in Dubai comes in at highest level since October 2023 in January

Inflation in Dubai came in at 3.6% in January, which was up from December’s 3.3% and was due to a sharper rise in housing, utilities and fuel costs and a less acute decline in transport prices. January’s reading was the highest inflation rate since October 2023.

The trend was unchanged, with annual average inflation coming in at December’s 3.3% in January.

Lastly, consumer prices in Dubai fell 0.26% over the previous month in January, contrasting December’s 0.57% rise. January’s result marked the weakest reading since January 2023.

For the UAE as a whole, the latest data available is for Q2 2023, during which inflation fell to 1.0% from 3.6% in Q1 2023.

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