After recording negative consumer price inflation in 2019 and 2020, the UAE saw a marginal increase in consume price inflation in 2021. However, this figure is expected to significantly increase in the following two years. By 2023, the consumer price inflation is expected to rise by 3.6 percent, roughly matching the average between 2000 and 2018.
UAE consumer price inflation vs consumer price index
Consumer price inflation, as opposed to the consumer price index, is the overall increase in the price of goods and services in a particular economy. The consumer price index can measure the inflation rate of specific goods or services. For example, the consumer price index amongst various categories in 2020 revealed that tobacco and beverages saw the most significant price increases.
Consumer price inflation in the UAE
Although the UAE average consumer price inflation between 2000 and 2018 was significantly higher than the GCC average, it performed remarkably better than other member states in the subsequent three years. Nevertheless, most countries in the GCC, like the UAE, often fare better when it comes to inflation rate change in the Middle East and North Africa.
Development of the consumer price inflation in the United Arab Emirates from 2000 to 2021 and projections until 2023
(year-over year percent change)
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IMF. (October 20, 2022). Development of the consumer price inflation in the United Arab Emirates from 2000 to 2021 and projections until 2023 (year-over year percent change) [Graph]. In Statista. Retrieved November 26, 2024, from https://www.statista.com/statistics/1396135/uae-consumer-price-inflation/
IMF. "Development of the consumer price inflation in the United Arab Emirates from 2000 to 2021 and projections until 2023 (year-over year percent change)." Chart. October 20, 2022. Statista. Accessed November 26, 2024. https://www.statista.com/statistics/1396135/uae-consumer-price-inflation/
IMF. (2022). Development of the consumer price inflation in the United Arab Emirates from 2000 to 2021 and projections until 2023 (year-over year percent change). Statista. Statista Inc.. Accessed: November 26, 2024. https://www.statista.com/statistics/1396135/uae-consumer-price-inflation/
IMF. "Development of The Consumer Price Inflation in The United Arab Emirates from 2000 to 2021 and Projections until 2023 (Year-over Year Percent Change)." Statista, Statista Inc., 20 Oct 2022, https://www.statista.com/statistics/1396135/uae-consumer-price-inflation/
IMF, Development of the consumer price inflation in the United Arab Emirates from 2000 to 2021 and projections until 2023 (year-over year percent change) Statista, https://www.statista.com/statistics/1396135/uae-consumer-price-inflation/ (last visited November 26, 2024)
Development of the consumer price inflation in the United Arab Emirates from 2000 to 2021 and projections until 2023 (year-over year percent change) [Graph], IMF, October 20, 2022. [Online]. Available: https://www.statista.com/statistics/1396135/uae-consumer-price-inflation/
