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 % | Sep 04 |
| Stock Market | 0.1 | 0.75 % | Sep 04 |
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Economic News
United Arab Emirates: PMI weakens in July, registering lowest reading since February
August 5, 2019
The IHS Markit Purchasing Managers’ Index (PMI) fell from 57.7 in June to 55.1 in July.
United Arab Emirates: PMI declines in June but remains near May’s over four-year high
July 3, 2019
The Emirates NBD Purchasing Managers’ Index (PMI) fell from 59.4 in May—the highest reading since October 2014—to 57.7 in June.
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.
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