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.