Consumer prices in the United Arab Emirates declined 0.39 percent year-on-year in May of 2021, following a 0.54 percent drop in the previous month. It was the softest deflation since prices started to fall in January of 2019, amid smaller decreases in prices of food & beverages (-2.68 percent vs -3.52 percent in April); miscellaneous goods & services (-1.12 percent vs -2.15 percent) and communications (-0.22 percent vs -0.37 percent). In addition, inflation remained sharp for transportation (8.88 percent vs 9.29 percent) and it picked up for recreation & culture (3.96 percent vs 1.44 percent) and health (0.42 percent vs 0.29 percent). On a monthly basis, consumer prices edged up 0.25 percent, following a 0.44 percent rise in April. source: National Bureau of Statistics, United Arab Emirates
Inflation Rate in the United Arab Emirates averaged 1.51 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 August 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. 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 1.80 percent in 2022, according to our econometric models.