Inflation in United Arab Emirates
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 |
United Arab Emirates Inflation Chart
Source: National Bureau of Statistics.
United Arab Emirates Facts
| Value | Change | Date | |
|---|---|---|---|
| Exchange Rate | 3.67 | 0.0 % | Dec 31 |
| Stock Market | 0.1 | 0.75 % | Jan 07 |
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Economic News
United Arab Emirates: Consumer prices taper for the 11th straight month in November
January 7, 2020
Consumer prices increased 0.12% month-on-month in November, contrasting October’s 0.16% decrease.
United Arab Emirates: PMI dips to a record low in December
January 6, 2020
The IHS Markit Purchasing Managers’ Index (PMI) was ticked down to 50.2 in December from 50.3 in November—the lowest reading since records began in August 2009.
United Arab Emirates: PMI withers to a decade low in November
December 5, 2019
The IHS Markit Purchasing Managers’ Index (PMI) was ticked down to 50.3 in November from 51.1 in October—the lowest reading since August 2009.
United Arab Emirates: Consumer prices continue to fall in August
October 23, 2019
Consumer prices increased 0.33% month-on-month in August, contrasting July’s 0.79% fall.
United Arab Emirates: PMI dips to a series record-low in September
October 3, 2019
The IHS Markit Purchasing Managers’ Index (PMI) ticked down to 51.1 in September from 51.6 in August.
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