United Arab Emirates: Inflation inches up in December
February 3, 2016
In December, consumer prices rose 0.41% over the previous month, which contrasted the 0.35% decrease observed in November and marked the first increase after two consecutive monthly drops. According to the National Bureau of Statistics, December’s figure mainly reflected higher prices for transport as well as for food and soft drinks.
Inflation inched up from 3.5% in November to 3.6% in December. Annual average inflation inched up from 4.0% in November to 4.1% in December.
Author: Dirina Mançellari, Senior Economist