Consumer prices in the United Arab Emirates advanced 0.55 percent year-on-year in August of 2021, rebounding from a 0.02 percent fall in the previous month. It was the first time increase in consumer prices since December 2018, due to a faster rise in prices of transport (12.53 percent vs 10.58 percent in July), recreation & culture (21.76 percent vs 17.18 percent) and furnishings (1.35 percent vs 1.1 percent). In addition, prices fell less for food & beverages (-1.12 percent vs -1.53 percent), housing & utilities (-4.20 percent vs -4.32 percent), clothing & footwear (-6.29 percent vs -8.79 percent). Meanwhile, prices dropped further for both restaurants & hotels (-0.38 percent vs -0.28 percent) and miscellaneous goods & services (-2.83 percent vs -2.44 percent). On a monthly basis, consumer prices were up 0.43 percent, recovering from a 0.07 percent drop in the prior month source: National Bureau of Statistics, United Arab Emirates
Inflation Rate in the United Arab Emirates averaged 1.48 percent from 1990 until 2021, reaching an all time high of 12.30 percent in December of 2008 and a record low of -2.71 percent in May of 2020. This page provides the latest reported value for - United Arab Emirates Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Arab Emirates Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2021.
Inflation Rate in the United Arab Emirates is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Arab Emirates Inflation Rate is projected to trend around 1.80 percent in 2022, according to our econometric models.