Consumer prices in United Arab Emirates fell 2.5% year-on-year in March of 2019, the same pace as in the previous month. It was the third straight month of deflation, as prices continued to dropped for housing & utilities (-6.5% from -5.9% in February); transport (-5.3% from -7.0%); food and beverages (-0.7% from -1.9%), and for medical care (-0.2% from -0.1%). Meantime, prices increased softer for: furniture & household equipment (1.8% from 2.8%); miscellaneous goods & services (0.2% from 1.2%), and textiles, clothing & footwear (6.8% from 9.3%) while those for recreation & culture (4.1% from 3.3%) rose faster. Meanwhile, inflation was steady for education (at 1.4%); communication (at 0.2%) and tobacco (at 2.5%). On a monthly basis, consumer prices went down 0.6 percent, after decreasing 0.3% in February. Inflation Rate in the United Arab Emirates averaged 2.12 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.
Inflation Rate in the United Arab Emirates is expected to be -1.40 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 2.30 in 12 months time. In the long-term, the United Arab Emirates Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.