United Arab Emirates Inflation

United Arab Emirates

United Arab Emirates: Inflation eases further in November

January 7, 2016

In November, consumer prices fell 0.34% over the previous month, which followed the 0.48% increase observed in October and marked the second consecutive decrease after nearly a year of monthly increases. According to the National Bureau of Statistics, November’s figure mainly reflected lower prices for transport as well as for food and soft drinks.

Inflation eased from 3.7% in October to 3.5% in November, thus hitting an 11-month low. The recent high levels of inflation mainly reflected a hike in electricity and water tariffs in Abu Dhabi—the biggest emirate in the UAE. Annual average inflation was stable in November at October’s 4.0%.

FocusEconomics Consensus Forecast participants expect inflation to average 3.9% in 2016, which is unchanged over last month’s projection. For 2017, the panel sees inflation easing to 3.4%.

Author:, Senior Economist

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United Arab Emirates Inflation Chart

UAE Inflation November 2015

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Bureau of Statistics (NBS).

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