United Arab Emirates Inflation March 2021

United Arab Emirates

United Arab Emirates: Consumer prices fall at a softer pace in March

June 25, 2021

Consumer prices increased 0.06% in March over the previous month, swinging from the 0.41% drop recorded in February. The reading chiefly reflected higher prices for transport and for recreation and culture. The overall increase was capped by lower prices for food and beverages.

Consumer prices declined 1.1% on an annual basis in March, slowing down from February’s 2.0% fall. March’s result marked the smallest dip in consumer prices since May 2019. Consequently, the trend pointed up, with annual average variation of consumer prices coming in at minus 2.1% in March, up from February’s minus 2.2%.

FocusEconomics Consensus Forecast participants expect consumer prices to grow 0.6% on average in 2021, which is down 0.2 percentage points from last month’s forecast. For 2022, they see inflation averaging 1.9%.

Author:, Junior Economist

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United Arab Emirates Inflation Chart

UAE Inflation March 2021

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: Federal Competitiveness and Statistics Authority (FCSA).

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