United Arab Emirates: Drop in consumer prices moderates in April

Consumer prices rose 0.17% month-on-month in April, contrasting the 0.59% fall recorded in March. The April print came on the back of a softer drop in prices for housing, water, electricity and gas as well as higher prices for transportation, restaurants and hotels and furniture and household goods.

In year-on-year terms, consumer prices fell 2.1% in April, above March’s 2.5% decline. Meanwhile, annual average inflation fell from 1.4% in March to 0.9% in April.

United Arab Emirates Inflation Forecast

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.