United Arab Emirates Inflation

United Arab Emirates

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.

FocusEconomics Consensus Forecast participants expect inflation to average 3.9% in 2015, which is unchanged over last month’s projection. For 2016, the panel sees inflation easing to 3.4%, which is also unchanged from last month’s forecast.

Author:, Senior Economist

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United Arab Emirates Inflation Chart

UAE Inflation October 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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