UAE

Inflation rate in the UAE increased by 2.24% in 8 months

A new report offers inflation overview of the UAE in the last year.

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Dubai Desk

The Dubai Desk reports on major developments across the UAE, covering news, culture, business, and social trends shaping the region.

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Inflation rate in the UAE increased by 2.24% in 8 months

Inflation rate in the UAE

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The UAE has experienced significant macroeconomic imbalances over the last 12 months, according to the National Bureau of Statistics report.

The lowest inflation rate was recorded in June 2023, at 1.02%. Food and transportation prices back then decreased after the rapid growth that followed Russia's war in Ukraine in February 2022.

Since June, the inflation rate has grown over 2%, to 3.36% in February 2024.

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