Consumer prices in the United Arab Emirates dropped 2.01 percent year-on-year in February of 2021, following a 1.86 percent fall in the previous month. Main downward pressure came from a slowdown in food inflation (1.42 percent vs 2.80 percent in January), and a faster decline in housing & utilities (-3.37 percent vs -3.16 percent). In addition, inflation in education remained flat (1.52 percent), while cost of recreation & culture continued to plunge (-18.64 percent vs -18.83 percent). On a monthly basis, consumer prices edged down 0.41 percent, after picking up by 0.15 percent in the previous month. source: National Bureau of Statistics, United Arab Emirates
Inflation Rate in the United Arab Emirates averaged 1.55 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 May 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. Looking forward, we estimate Inflation Rate in the United Arab Emirates to stand at 1.50 in 12 months time. 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.