United Arab Emirates: Inflation eases further in November
January 7, 2016
In November, consumer prices fell 0.34% over the previous month, which followed the 0.48% increase observed in October and marked the second consecutive decrease after nearly a year of monthly increases. According to the National Bureau of Statistics, November’s figure mainly reflected lower prices for transport as well as for food and soft drinks.
Inflation eased from 3.7% in October to 3.5% in November, thus hitting an 11-month low. The recent high levels of inflation mainly reflected a hike in electricity and water tariffs in Abu Dhabi—the biggest emirate in the UAE. Annual average inflation was stable in November at October’s 4.0%.
Author: Dirina Mançellari, Senior Economist