Inflation in United Arab Emirates

United Arab Emirates Inflation | Economic News & Forecasts

United Arab Emirates - Inflation

Consumer prices record joint-smallest fall since March 2020 in January

Consumer prices increased 0.15% in January over the previous month, accelerating from the 0.09% rise seen in December. January’s result marked the sharpest increase in prices since June. The reading chiefly reflected higher prices for transportation. However, the overall increase was capped by lower prices for housing, water, electricity and gas, as well as for food and beverages.

Meanwhile, consumer prices declined 1.9% on an annual basis in January, a more moderate drop than December’s 2.1% fall. January’s reading marked the joint-smallest dip in consumer prices since March 2020. Meanwhile, the trend remained stable, with the annual average variation of consumer prices coming in at December’s 2.1% in January.

Consumer price pressures will likely have remained subdued in the first quarter of the year. Looking ahead, the drop in price pressures should further moderate in H1 as economic activity recovers as the Covid-19 vaccine is gradually rolled out. Later in the year, inflation should return on the economy strengthening and higher prices, on average, for oil.

FocusEconomics Consensus Forecast participants expect consumer prices to grow 0.8% on average in 2021, which is unchanged from last month’s forecast. For 2022, they see inflation averaging 1.9%.

United Arab Emirates - Inflation Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %)4.1  1.6  2.0  3.1  -1.9  

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United Arab Emirates Inflation Chart


UAE Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Bureau of Statistics.

United Arab Emirates Facts

Value Change Date
Exchange Rate3.670.0 %Dec 31
Stock Market0.10.75 %Jan 07

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