Consumer prices in the United Arab Emirates increased 2.3 percent year-on-year in January of 2017, following a 1.2 percent rise in the previous month. Prices rose at a faster pace for housing and utilities (2.2 percent vs 1.6 percent in December); transportation (4.4 percent vs 0.4 percent); food and non-alcoholic beverages (0.6 percent vs 0.5 percent); miscellaneous goods and services (9.3 percent vs 2.3 percent); and health (5.7 percent vs 5.4 percent). On a monthly basis, consumer prices rose 0.7 percent compared to a 0.3 percent drop in December. Inflation Rate in the United Arab Emirates averaged 2.17 percent from 1990 until 2017, reaching an all time high of 12.30 percent in December of 2008 and a record low of -0.40 percent in October of 2009.
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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. 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 – actual data, historical chart and calendar of releases – was last updated on March of 2017.