Consumer prices in the United Arab Emirates decreased 1.4 percent year-on-year in December 2019, the same as in the previous month. It was the twelfth straight month of deflation, as prices declined for housing & utilities (-4.9 percent from -4.2 percent in November); food & beverages (-1.1 percent, the same as in the prior month); transport (-0.8 percent from -3.9 percent); restaurant & hotels (-1.3 percent from -1.4 percent); miscellaneous goods & services (-0.1 percent from 1.2 percent) and textiles, clothing & footwear (-7.6 percent from -7.1 percent). Meantime, inflation was steady for education (at 0.7 percent) and cost rose further for furniture & household equipment (1.4 percent from 1.7 percent); recreation & culture (23.2 percent from 26.3 percent) and tobacco (6.4 percent from 0.6 percent). On a monthly basis, consumer prices went down 0.2 percent, after a 0.1 percent gain in November.
Inflation Rate in the United Arab Emirates averaged 1.89 percent from 1990 until 2019, reaching an all time high of 12.30 percent in December of 2008 and a record low of -2.50 percent in February of 2019. 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.
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 1.50 in 12 months time. In the long-term, the United Arab Emirates Inflation Rate is projected to trend around 1.50 percent in 2021 and 2.30 percent in 2022, according to our econometric models.