United Arab Emirates: Inflation stable in April
May 21, 2015
In April, consumer prices rose 0.18% over the previous month, which followed the 0.90% increase observed in the previous month. March’s result had marked a six-month high. According to the National Bureau of Statistics, April’s figure mainly reflected higher prices for restaurants and hotels as well as for clothing and footwear.
Inflation was stable at March’s 4.3% in April, thus remaining at the highest rate since February 2009. In addition, annual average inflation increased from 2.9% in March to 3.1% in April, marking the highest rate on record.
Author: Dirina Mançellari, Senior Economist