United Arab Emirates Inflation August 2021

United Arab Emirates

United Arab Emirates: Inflation hits over two-year high in August

October 13, 2021

Consumer prices increased 0.43% in August over the previous month, contrasting July's 0.07% fall. August's figure marked the highest reading since April. The higher reading was in large part due to higher food and beverages prices as well as a lower decrease in housing, water, electricity, and gas prices.

Inflation came in at 0.6% in August, swinging from July’s flat reading. August's result was the highest inflation rate since November 2018. Meanwhile, the trend pointed up mildly, with the annual average variation of consumer prices coming in at minus 1.3% in August (July: -1.5%).

FocusEconomics Consensus Forecast participants expect consumer prices to grow 1.9% on average in 2021, which is up 0.1 percentage points from last month’s forecast. For 2023, they see inflation averaging 1.7%.


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UAE Inflation August 2021

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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