Consumer prices in the United Arab Emirates were almost flat In July of 2021, after a 0.51 percent drop in the previous month, as deflation slowed for food & beverages (-1.53 percent vs -2.4 percent in June) and inflation quickened for transport (10.58 percent vs 8.96 percent), recreation & culture (17.18 percent vs 4.24 percent) and furnishings (1.1 percent vs 0.8 percent). On the other hand, consumer prices dropped further for housing & utilities (-4.32 percent vs -4.06 percent), clothing & footwear (-8.79 percent vs -7.21 percent), restaurants & hotels (-0.28 percent vs 0.08 percent) and miscellaneous goods & services (-2.44 percent vs -1.88 percent). On a monthly basis, consumer prices inched down 0.07 percent, compared to a 0.19 percent gain in the prior month. source: National Bureau of Statistics, United Arab Emirates
Inflation Rate in the United Arab Emirates averaged 1.49 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 September of 2021.
Inflation Rate in the United Arab Emirates is expected to be 0.60 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.