Inflation in United Arab Emirates
United Arab Emirates - Inflation
Inflation hits over two-year high in August
Consumer prices increased 0.43% in August over the previous month, contrasting July's 0.07% fall. August's figure marked the highest reading since April. The higher reading was in large part due to higher food and beverages prices as well as a lower decrease in housing, water, electricity, and gas prices.
Inflation came in at 0.6% in August, swinging from July’s flat reading. August's result was the highest inflation rate since November 2018. Meanwhile, the trend pointed up mildly, with the annual average variation of consumer prices coming in at minus 1.3% in August (July: -1.5%).
FocusEconomics Consensus Forecast participants expect consumer prices to grow 1.9% on average in 2021, which is up 0.1 percentage points from last month’s forecast. For 2023, they see inflation averaging 1.7%.
United Arab Emirates - Inflation Data
|Inflation Rate (CPI, annual variation in %)||4.1||1.6||2.0||3.1||-1.9|
5 years of economic forecasts for more than 30 economic indicators.
United Arab Emirates Inflation Chart
Source: National Bureau of Statistics.
United Arab Emirates Facts
|Exchange Rate||3.67||0.0 %||Dec 31|
|Stock Market||0.1||0.75 %||Jan 07|
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October 13, 2021
Consumer prices increased 0.43% in August over the previous month, contrasting July's 0.07% fall.
September 23, 2021
Consumer prices dropped 0.07% from the previous month in July, swinging from the 0.19% rise logged in June.
September 19, 2021
Consumer prices increased 0.19% from the previous month in June, coming in below the 0.25% increase seen in May.
September 5, 2021
The IHS Markit Purchasing Managers’ Index (PMI) came in at 53.8 in August, down from July's 54.0.
August 3, 2021
The IHS Markit Purchasing Managers’ Index (PMI) climbed to a two-year high of 54.0 in July, up from June's four-month low of 52.2.