Consumer prices in the United Arab Emirates fell at a record 2.71 percent year-on-year in May of 2020, following a 1.86 percent fall in April and marking the 17th straight month of deflation. It is the biggest decline in consumer prices ever due to the coronavirus lockdown. The biggest downward contribution came from prices of housing and utilities (-4.1 percent, the same as in April) and transportation (-77.9 percent vs -11.7 percent) while food inflation accelerated (6.2 percent vs 5.2 percent). On a monthly basis consumer prices edged up 0.1 percent, after decreasing 0.1 percent in the previous month.

Inflation Rate in the United Arab Emirates averaged 1.77 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 July of 2020.

Inflation Rate in the United Arab Emirates is expected to be -1.30 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 1.60 percent in 2021 and 1.80 percent in 2022, according to our econometric models.

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United Arab Emirates Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
-2.71 -1.86 12.30 -2.71 1990 - 2020 percent Monthly
2014=100


Calendar GMT Actual Previous Consensus TEForecast
2020-04-14 07:00 AM Feb -1.3% -1.3% -1.2%
2020-05-06 12:00 AM Mar -1.6% -1.3% -0.7%
2020-05-18 10:00 AM Apr -1.9% -1.6% -2.8%
2020-07-01 10:00 AM May -2.71% -1.86% -3.0%
2020-08-11 10:00 AM Jun -2.71% -2.1%
2020-09-14 10:00 AM Jul
2020-10-13 10:00 AM Aug
2020-11-16 10:00 AM Sep -1.3%
Go to our Calendar for more events. Or learn more about the Calendar API for direct access.


News Stream
UAE Posts Biggest Deflation Ever
Consumer prices in the United Arab Emirates fell at a record 2.71 percent year-on-year in May of 2020, following a 1.86 percent fall in April and marking the 17th straight month of deflation. It is the biggest decline in consumer prices ever due to the coronavirus lockdown. The biggest downward contribution came from prices of housing and utilities (-4.1 percent, the same as in April) and transportation (-77.9 percent vs -11.7 percent) while food inflation accelerated (6.2 percent vs 5.2 percent). On a monthly basis consumer prices edged up 0.1 percent, after decreasing 0.1 percent in the previous month.
2020-07-01
UAE Consumer Prices Fall the Most in 6 Months
Consumer prices in the United Arab Emirates declined 1.9 percent year-on-year in April of 2020, following a 1.6 percent fall in the previous month. This was the sixteenth straight month of deflation and at the steepest pace since last October. Main downward pressure came from prices of transport (-7.9 percent vs -1.5 percent in March); recreation & culture (-9.3 percent vs -9.9 percent); restaurants & hotels (-3 percent vs -1 percent) and housing (-4.1 percent, the same pace as in March), as the effects of the coronavirus crisis intensified. Meanwhile, prices continued to climb for food & non-alcoholic beverages (5.2 percent vs 4 percent). On a monthly basis consumer prices dropped 0.1 percent, after decreasing 0.9 percent in the previous month.
2020-05-18
UAE Consumer Prices Fall Again
Consumer prices in the United Arab Emirates decreased 1.6 percent year-on-year in March of 2020, following a 1.3 percent drop in the prior month. This was the fifteenth straight month of deflation, as prices dropped for transportation (-1.5 percent vs 3.1 percent in February); restaurants & hotels (-1.0 percent vs -0.7 percent) and recreation & culture (-9.9 percent vs 10.6 percent). Meantime, housing & utilities cost also fell (-4.1 percent vs -4.6 percent), although at a softer pace. On the other hand, food & non-alcoholic beverages cost jumped (3.9 percent vs 0.5 percent) while inflation was steady for education (at 0.8 percent). On a monthly basis, consumer prices went down 0.9 percent, after dropping 0.3 percent in the previous month.
2020-05-06
UAE Consumer Prices Fall for 14th Month
Consumer prices in the United Arab Emirates decreased 1.3 percent year-on-year in February of 2020, the same pace as in the previous month. This was the fourteenth straight month of deflation, amid lower prices of housing (-4.6 percent vs -4.9 percent in January); miscellaneous goods & services (-4.2 percent vs -0.8 percent); textiles, clothing & footwear (-4.8 percent vs -7 percent); restaurants & hotels (-0.7 percent vs -2.9 percent) and furnishings (-2.8 percent vs -2.2 percent). Meantime, inflation slowed for recreation & culture (10.7 percent vs 15.9 percent) and transport (3.1 percent vs 3.8 percent). Conversely, prices rebounded for food & beverages (0.5 percent vs -1.7 percent). On a monthly basis, consumer prices went down 0.3 percent, after dropping 0.1 percent in the previous month.
2020-04-14

United Arab Emirates Inflation Rate
In United Arab Emirates, the main components of the consumer price index are: Housing (34.1 percent of the total weight); Food and Soft Drinks (14.3 percent) and Transportation (14.6 percent). Education accounts for 7.7 percent; Miscellaneous Goods and Services for 6.3 percent; Furniture and Household Goods for 5.6 percent and Communications for 5.4 percent. Others include: Restaurants and Hotels (4 percent); Recreation and Culture (3.2 percent); Textiles, Clothing and Footwear (3.2 percent); Medical Care (1.4 percent) and Beverages and Tobacco (0.3 percent). The national index has a base of 100 as of 2014. .