Annual inflation in the United Arab Emirates inched down to 2.50 percent in December of 2021 from 2.58 percent in the previous month, which was the highest level in 36 months, due to a slowdown in prices of both transport (17.95 percent vs 18 percent) and restaurants & hotels (1.60 percent vs 2.01 percent). Meanwhile, prices of food & beverages continued to rise (3.71 percent vs 3.65 percent). On the other hand, prices fell further for housing & utilities (-2.58 percent vs -2.99 percent); and miscellaneous goods & services (-1.02 percent vs -0.72 percent). On a monthly basis, consumer prices edged up 0.02 percent, easing from a 0.59 percent gain in November. source: National Bureau of Statistics, United Arab Emirates
Inflation Rate in the United Arab Emirates averaged 1.50 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 July of 2022.
Inflation Rate in the United Arab Emirates is expected to be 3.00 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 2.50 percent in 2023, according to our econometric models.