Annual inflation rate in United Arab Emirates eased to 1.6 percent in October of 2018 from 3.1 percent in the previous month. It was the lowest inflation rate since October of 2017, as inflation slowed for: food & beverages (2.1 percent vs 3.2 percent in September); transport (9.3 percent vs 12.9 percent); education (2.4 vs 4.3 percent); furniture & household goods (5.8 percent vs 6.1 percent); communication (3.5 percent vs 3.7 percent); restaurant & hotels (6.1 percent vs 7.8 percent); recreation & culture (10.8 percent vs 12.4 percent); textiles, clothing & footwear (16.8 percent vs 21.8 percent), and tobacco (8.3 percent vs 86.8 percent). Additionally, prices fell 5.2 percent for housing & utilities, compared to a 4.4 percent drop in September. Meanwhile, prices of miscellaneous goods & services rose faster (1.7 percent vs 1.4 percent). On a monthly basis, consumer prices went down 0.5 percent, after a 0.6 percent fall in September. Inflation Rate in the United Arab Emirates averaged 2.25 percent from 1990 until 2018, reaching an all time high of 12.30 percent in December of 2008 and a record low of -0.40 percent in October of 2009.
Inflation Rate in the United Arab Emirates is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in the United Arab Emirates to stand at 2.30 in 12 months time. In the long-term, the United Arab Emirates Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.