Consumer prices in the United Arab Emirates fell 2.41 percent year-on-year in November of 2020, following a 2.18 percent decrease in October and marking the 23rd straight month of deflation. Main downward pressure came from recreation & culture (-24.80 percent vs -29.28 percent in October); transportation (-6.18 percent vs -5.13 percent); housing & utiliies (-3.58 percent vs -3.44 percent) and furnishings (-2.61 percent vs -2.38 percent). At the same time, inflation slowed for food & non-alcoholic beverages (3.06 percent vs 4.70 percent). On a monthly basis, consumer prices were down 0.11 percent, after being flat in the previous month. source: National Bureau of Statistics, United Arab Emirates
Inflation Rate in the United Arab Emirates averaged 1.62 percent from 1990 until 2020, 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 January of 2021.
Inflation Rate in the United Arab Emirates is expected to be -2.50 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 1.30 in 12 months time. In the long-term, the United Arab Emirates Inflation Rate is projected to trend around 1.40 percent in 2021 and 1.80 percent in 2022, according to our econometric models.