United Arab Emirates Inflation

United Arab Emirates

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.

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 July 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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