Inflation in United Arab Emirates
United Arab Emirates - Inflation
Consumer prices fall at a stable rate in March
Consumer prices fell 0.59% month-on-month in March, further declining from the 0.30% fall recorded in February. The March print came on the back of lower prices for most categories, with the largest decreases recorded for housing, water, electricity and gas; textile, clothing and footwear; and furniture and household goods.
In year-on-year terms, consumer prices fell 2.5% in March, matching February’s print. Meanwhile, annual average inflation fell from 1.9% in February to 1.4% in March.
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 | 2.4 | 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 % | May 13 |
| Stock Market | 0.2 | 0.75 % | May 13 |
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Economic News
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.
United Arab Emirates: PMI rises in March on export demand recovery
April 7, 2019
The Emirates NBD Purchasing Managers’ Index (PMI) rose from 53.4 in February to 55.7 in March.
United Arab Emirates: PMI slumps in February on falling employment amid steep price competition; production outlook worsens
March 5, 2019
The Emirates NBD Purchasing Managers’ Index (PMI) fell from 56.3 in January to 53.4 in February, which marked its lowest level since October 2016.
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