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Inflation Rate Trends and Forecast for United Arab Emirates from 1990 to 2029

Inflation Rate Trends and Forecast for United Arab Emirates from 1990 to 2029

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TGM StatBox. (2024). Inflation Rate Trends and Forecast for United Arab Emirates from 1990 to 2029. TGM StatBox.
Chart Details
Data Source: International Monetary Fund (IMF)
Timeframe: 1990-2029
Country: UAE
Published date: 2024
Note: The Inflation rate (average consumer prices), as defined by the International Monetary Fund (IMF), measures the annual percentage change in the average level of prices of goods and services consumed by households.
Key Takeaways
The UAE experienced relatively low inflation throughout the 1990s, averaging around 3%, supported by stable oil revenues and controlled price mechanisms. However, rapid economic expansion during the mid-2000s saw inflation spike to 12.3% in 2008. The global financial crisis that followed caused a sharp deflationary period in 2009 (-4.7%).

Inflation rebounded post-pandemic, reaching 4.8% in 2022 due to rising global energy costs. Forecasts suggest a steady rate of 2.0% from 2025 onward, reflecting the UAE’s sound economic management and diversification efforts.

Gain a broader perspective by reviewing UAE’s industry sector share in GDP, United Arab Emirates’ annual GDP growth rate, United Arab Emirates export value.

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