United Arab Emirates: Inflation rises in August
October 27, 2017
Consumer prices rose 0.13% in September compared to the prior month, accelerating from August’s 0.07% increase. According to the Federal Competitiveness and Statistics Authority, September’s uptick was mainly driven by higher food prices and transport, while prices for education experienced the sharpest monthly increase. Inflation climbed to 1.2% in September from 0.8% in August.FocusEconomics Consensus Forecast participants expect inflation to average 3.3% in 2018 and 2.9% in 2019.
Author: Christopher Thomas, Economist