United Arab Emirates: Inflation stable in May
June 22, 2015
In May, consumer prices rose 0.26% over the previous month, which followed the 0.18% increase observed in the previous month. According to the National Bureau of Statistics, May’s figure mainly reflected higher prices for restaurants and hotels as well as for clothing and footwear.
Inflation was stable at April’s 4.3% in May, thus remaining at the highest rate since February 2009. In addition, annual average inflation increased from 3.1% in April to 3.3% in May, marking the highest rate on record.
Author: Dirina Mançellari, Senior Economist