Inflation in United Arab Emirates

United Arab Emirates Inflation (eop) | Economic News & Forecasts

United Arab Emirates - Inflation (end of period)

Consumer prices decline in March for 15th straight month

Consumer prices fell 0.89% month-on-month in March, following February’s 0.26% decrease. March´s reading was primarily driven by notably lower prices for recreation and culture, and transportation, while an uptick in textiles, clothing and footwear, and food and beverage costs softened the decline.

In year-on-year terms, consumer prices dropped 1.6% in March, following the 1.3% decline recorded in February and thus marking the 15th straight month of declining prices. Meanwhile, annual average consumer prices dipped 1.7% year-on-year in March, matching the decrease recorded in the prior month.

Going forward, inflation is predicted to remain largely at bay amid relatively low global oil prices are set to moderate the rise.

FocusEconomics Consensus Forecast participants expect inflation to average 0.4% in 2020, which is down 0.3 percentage points from last month’s forecast. For 2021, they see inflation averaging 2.0%.

United Arab Emirates - Inflation (eop) Data

2015   2016   2017   2018   2019  
Inflation Rate (CPI, annual variation in %, eop)3.6  1.2  2.7  0.3  -1.4  

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United Arab Emirates Inflation (eop) Chart

UAE Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: National Bureau of Statistics.

United Arab Emirates Facts

Value Change Date
Exchange Rate3.670.0 %Dec 31
Stock Market0.10.75 %Jan 07

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