United Arab Emirates: Inflation eases further in October
November 30, 2015
In October, consumer prices fell 0.43% over the previous month, which contrasted the 0.31% increase observed in September and marked the first monthly decrease in nearly a year. According to the National Bureau of Statistics, October’s figure mainly reflected lower prices for transport.
Inflation eased from 4.3% in September to 3.3% in October, thus hitting a ten-month low. The recent high levels of inflation mainly reflected a hike in electricity and water tariffs in Abu Dhabi, which is the biggest emirate in the UAE. Annual average inflation was stable at September’s 3.9% in October.
Author: Dirina Mançellari, Senior Economist