UAE records 2.5% inflation rate in 2021: report

The consumer price index (CPI) of the United Arab Emirates at the end of 2021 reached 108.62, compared to 105.97 in December 2020, which puts the inflation rate at 2.5% year-on-year and 0.02% in December 2021 compared to November.

The Federal Center for Competitiveness and Statistics (FCSC) statistical report showed that the inflation rate for food and beverages stood at 3.71%, that of tobacco at 0.65%, clothing and shoes down 0.51%, while housing, water, electricity and gas fell 2.58%, Emirates News Agency reported. W.A.M..

Household equipment recorded an inflation rate of 2.13%, while that of health services stood at 0.45%, communications at 0.13%. Education fell 0.20%, restaurants and hotels rose 1.60% and miscellaneous goods and services fell 1.02%.

The report also revealed that Abu Dhabi recorded an inflation rate of 0.08% in December 2021 compared to November, while the inflation rate in Dubai was 0.09%, Sharjah at 0.11 %, Ajman at 0.11%, Umm Al Qaiwain at 0.11%, Ras Al Khaimah. at 0.13% and Fujairah at 0.10%.

These moderate inflation rates reflect the country’s economic stability and the effectiveness of its financial policy.

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