United Arab Emirates Inflation April 2021

United Arab Emirates

United Arab Emirates: Fall in consumer prices eases further in April

June 30, 2021

Consumer prices increased 0.44% in April over the previous month, accelerating from the 0.06% rise recorded in March. April’s result was the strongest increase in prices since May 2019. The reading largely reflected higher prices for transportation, as well as for recreation and culture.

Consumer prices declined 0.5% on an annual basis in April, slowing from March’s 1.1% fall. April’s result marked the smallest dip in consumer prices since January 2019, although it was partly favored by a low base effect. Consequently, the trend pointed up, with annual average variation of consumer prices coming in at minus 2.0% in April, up from March’s minus 2.1%.

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 April 2021 0

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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