Inflation in United Arab Emirates

United Arab Emirates Inflation | Economic News & Forecasts

United Arab Emirates - Inflation

Consumer prices taper for the 11th straight month in November

Consumer prices increased 0.12% month-on-month in November, contrasting October’s 0.16% decrease. November’s print was driven by higher prices for food and beverages, and transportation.

In year-on-year terms, consumer prices fell 1.4% in November, slightly softer than October’s 1.9% decline. Meanwhile, annual average consumer prices fell 1.8% year-on-year in November, down from October’s 1.6% decrease.

Going forward, price pressures are expected to pick up on the back of stronger economic activity and government measures to stabilize the flagging the real estate market. Moreover, lower interest rates should also provide some upward price pressure next year.

FocusEconomics Consensus Forecast participants expect inflation to average 1.2% in 2020, which down 0.1 percentage points from last month’s forecast. For 2021, they see inflation averaging 1.8%.

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  

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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

ValueChangeDate
Exchange Rate3.670.0 %Dec 31
Stock Market0.10.75 %Jan 07

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