Annual inflation rate in United Arab Emirates eased to 1.3 percent in November of 2018 from 1.6 percent in the previous month. It was the lowest inflation rate since November 2017, as prices slowed for food & beverages (1.8 percent from 2.1 percent in October); transport (8.8 percent from 9.3 percent); miscellaneous goods & services (1.6 percent from 1.7 percent); furniture & household goods (3.5 percent from 5.8 percent) and recreation & culture (8.3 percent from 10.8 percent). In addition, cost fell faster for housing & utilities (-5.3 percent from -5.2 percent). On the other hand, prices advanced faster for education (2.5 percent from 2.4 percent); restaurant & hotels (6.9 percent from 6.1 percent) and textiles, clothing & footwear (18.4 percent from 16.8 percent) while inflation was steady for communication (3.5 percent, the same as in October) and tobacco (8.3 percent). On a monthly basis, consumer prices went down 0.3 percent, following a 0.5 percent drop in October. Inflation Rate in the United Arab Emirates averaged 2.24 percent from 1990 until 2018, 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.
Inflation Rate in the United Arab Emirates is expected to be 1.80 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 2.30 in 12 months time. In the long-term, the United Arab Emirates Inflation Rate is projected to trend around 2.30 percent in 2020, according to our econometric models.