Inflation in United Arab Emirates
United Arab Emirates - Inflation
Drop in consumer prices moderates in April
Consumer prices rose 0.17% month-on-month in April, contrasting the 0.59% fall recorded in March. The April print came on the back of a softer drop in prices for housing, water, electricity and gas as well as higher prices for transportation, restaurants and hotels and furniture and household goods.
In year-on-year terms, consumer prices fell 2.1% in April, above March’s 2.5% decline. Meanwhile, annual average inflation fell from 1.4% in March to 0.9% in April.
United Arab Emirates Inflation Forecast
FocusEconomics Consensus Forecast participants expect inflation to average 0.7% in 2019, down 1.0 percentage point from last month’s forecast, and 2.0% in 2020.
United Arab Emirates - Inflation Data
| 2013 | 2014 | 2015 | 2016 | 2017 | |
|---|---|---|---|---|---|
| Inflation Rate (CPI, annual variation in %) | 1.1 | 2.3 | 4.1 | 1.6 | 2.0 |
United Arab Emirates Inflation Chart
Source: National Bureau of Statistics.
United Arab Emirates Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 3.67 | 0.0 % | Jul 11 |
| Stock Market | 0.1 | 0.75 % | Jul 11 |
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Economic News
United Arab Emirates: PMI soars to highest level in over four years in May
June 10, 2019
The Emirates NBD Purchasing Managers’ Index (PMI) rose to 59.4 in May from 57.6 in April, the highest reading since October 2014.
United Arab Emirates: Drop in consumer prices moderates in April
June 2, 2019
Consumer prices rose 0.17% month-on-month in April, contrasting the 0.59% fall recorded in March.
United Arab Emirates: Consumer prices fall at a stable rate in March
May 5, 2019
Consumer prices fell 0.59% month-on-month in March, further declining from the 0.30% fall recorded in February.
United Arab Emirates: PMI rises to 16-month high in April as output soars, supported by GCC demand
May 5, 2019
The Emirates NBD Purchasing Managers’ Index (PMI) rose from 55.7 in March to 57.6 in April, the highest reading since December 2017.
United Arab Emirates: Consumer prices continue to slide further in February
April 9, 2019
Consumer prices fell 0.30% month-on-month in February, coming in below the 0.12% decline recorded in January.
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