Inflation in United Arab Emirates
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
|Inflation Rate (CPI, annual variation in %, eop)||3.6||1.2||2.7||0.3||-1.4|
5 years of economic forecasts for more than 30 economic indicators.
United Arab Emirates Inflation (eop) Chart
Source: National Bureau of Statistics.
United Arab Emirates Facts
|Exchange Rate||3.67||0.0 %||Dec 31|
|Stock Market||0.1||0.75 %||Jan 07|
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May 5, 2020
The IHS Markit Purchasing Managers’ Index (PMI) dropped to a new record low of 44.1 in April from 45.2 in March.
May 1, 2020
Consumer prices fell 0.89% month-on-month in March, following February’s 0.26% decrease.
April 14, 2020
Consumer prices fell 0.26% month-on-month in February, following January’s 0.09% decrease.
April 5, 2020
The IHS Markit Purchasing Managers’ Index (PMI) slumped to a record low of 45.2 in March from 49.1 in February.
March 3, 2020
Consumer prices fell 0.09% month-on-month in January, following December’s 0.23% decrease.