UAE: Consumer prices continue to fall in August

UAE Inflation

UAE: Consumer prices continue to fall in August

Consumer prices increased 0.33% month-on-month in August, contrasting July’s 0.79% fall. August’s print was driven by higher prices for transportation, and food and beverages.

In year-on-year terms, consumer prices fell 2.0% in August, softer than July’s 2.2% decline. Meanwhile, annual average consumer prices fell 0.9% year-on-year in August, down from July’s 0.4% decrease.

Looking at 2020, inflationary pressures should return on the back of government measures to stabilize the flagging the real estate market and stronger economic growth. Moreover, the Central Bank’s recent rate cuts should also provide some upward price pressure next year.

Free sample report

Access essential information in the shortest time possible. FocusEconomics provide hundreds of consensus forecast reports from the most reputable economic research authorities in the world.
Close Left Media Arrows Left Media Circles Right Media Arrows Right Media Circles Arrow Quote Wave Address Email Telephone Man in front of screen with line chart Document with bar chart and magnifying glass Application window with bar chart Target with arrow Line Chart Stopwatch Globe with arrows Document with bar chart in front of screen Bar chart with magnifying glass and dollar sign Lightbulb Document with bookmark Laptop with download icon Calendar Icon Nav Menu Arrow Arrow Right Long Icon Arrow Right Icon Chevron Right Icon Chevron Left Icon Briefcase Icon Linkedin In Icon Full Linkedin Icon Filter Facebook Linkedin Twitter Pinterest