United Arab Emirates: Inflation edges up in October
December 9, 2016
In October, consumer prices in the UAE increased 0.05% from the previous month, down from September’s 1.11% increase. According to the National Bureau of Statistics, prices for medical care increased the most in October, followed by education. Conversely, transportation registered the largest decrease.
Inflation edged up from September’s 1.4% to 1.9% in October, while annual average inflation dropped from 2.2% in September to 2.0% in October, the lowest level since September 2014.
Author: Andrea Vetrugno, Economist