United Arab Emirates Inflation

United Arab Emirates

United Arab Emirates: Inflation in March jumps to over five-year high

April 24, 2015

In March, consumer prices rose 0.90% over the previous month, which followed the 0.09% increase observed in February and marked a six-month high. According to the National Bureau of Statistics, the figure mainly reflected higher prices for housing as well as restaurants and hotels.

Annual inflation jumped from 3.6% in February to 4.3% in March, thus reaching the highest rate since February 2009. In addition, annual average inflation increased from 2.7% in February to 2.9% in March, marking the highest rate on record.

FocusEconomics Consensus Forecast participants expect inflation to be at 3.0% in 2015, which is up 0.4 percentage points over last month’s projection. For 2016, the panel sees inflation rising to 3.4%.

Author:, Senior Economist

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United Arab Emirates Inflation Chart

UAE Inflation March 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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