Development of inflation rates in the United Arab Emirates
The inflation rate for consumer prices in the United Arab Emirates moved over the past 11 years between -1.9% and 12.3%. For 2019, an inflation rate of -1.9% was calculated.
During the observation period from 2008 to 2019, the average inflation rate was 2.6%
per year. Overall, the price increase was 31.71 %. An item that cost 100 Dirham in 2008 was so charged 131.71 Dirham in the beginning of 2020.
In only a few countries negative inflation rates are achieved. This means that the general price level is declining and consumer prices get cheaper. This case is called deflation.In comparison to other countries, the drastic price increases are no longer on average. Usually this is a sign of political and economic turmoil.Back to overview: United Arab Emirates