United Arab Emirates Inflation June 2017

United Arab Emirates

United Arab Emirates: Inflation ticks up in June

July 31, 2017

Consumer prices rose 0.56% in June on a month-on-month basis, contrasting May’s 0.02% fall. According to the Federal Competitiveness and Statistics Authority, June’s uptick was mainly driven by higher prices for food and beverages and transportation, linked to the Eid Al Fitr holiday. In contrast, the price of housing, water, electricity and gas dipped compared to May, largely due to cheaper rents. Inflation ticked up from 1.9% in May to 2.0% in June.

FocusEconomics Consensus Forecast participants expect inflation to average 2.6% in 2017 and 3.3% in 2018.

Author:, Economist

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United Arab Emirates Inflation Chart

UAE Inflation June 2017

Note: Year-on-year and month-on-month variation of consumer price index in %.
Source: National Bureau of Statistics (NBS).

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