United Arab Emirates: Inflation increases in July
August 20, 2015
In July, consumer prices rose 0.29% over the previous month, which followed the 0.31% increase observed in June. According to the National Bureau of Statistics, July’s figure mainly reflected higher prices for housing, food and soft drinks as well as for recreation and culture.
Inflation increased from June’s 4.2% to 4.4% in July, thus marking the highest rate since February 2009. In addition, annual average inflation increased from 3.4% in June to 3.6% in July, marking the highest rate on record.
Author: Dirina Mançellari, Senior Economist