United Arab Emirates Inflation

United Arab Emirates

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.

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 May 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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