United Arab Emirates Inflation November 2019

United Arab Emirates

United Arab Emirates: Consumer prices taper for the 11th straight month in November

January 7, 2020

Consumer prices increased 0.12% month-on-month in November, contrasting October’s 0.16% decrease. November’s print was driven by higher prices for food and beverages, and transportation.

In year-on-year terms, consumer prices fell 1.4% in November, slightly softer than October’s 1.9% decline. Meanwhile, annual average consumer prices fell 1.8% year-on-year in November, down from October’s 1.6% decrease.

Going forward, price pressures are expected to pick up on the back of stronger economic activity and government measures to stabilize the flagging the real estate market. Moreover, lower interest rates should also provide some upward price pressure next year.

FocusEconomics Consensus Forecast participants expect inflation to average 1.2% in 2020, which down 0.1 percentage points from last month’s forecast. For 2021, they see inflation averaging 1.8%.

Author:, Economist

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United Arab Emirates Inflation Chart

UAE Inflation November 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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