United Arab Emirates Inflation March 2019

United Arab Emirates

United Arab Emirates: Consumer prices fall at a stable rate in March

May 5, 2019

Consumer prices fell 0.59% month-on-month in March, further declining from the 0.30% fall recorded in February. The March print came on the back of lower prices for most categories, with the largest decreases recorded for housing, water, electricity and gas; textile, clothing and footwear; and furniture and household goods.

In year-on-year terms, consumer prices fell 2.5% in March, matching February’s print. Meanwhile, annual average inflation fell from 1.9% in February to 1.4% in March.

FocusEconomics Consensus Forecast participants expect inflation to average 0.7% in 2019, down 1.0 percentage point from last month’s forecast, and 2.0% in 2020.

Author:, Economist

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United Arab Emirates Inflation Chart

UAE Inflation March 2019

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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