Inflation United Arab Emirates 2024
Average inflation: 1.7%
Current Inflation
Inflation is low at 1.7%, below the ECB target of 2%.
Peak and Trough
The highest inflation was in June at 2.4%. The lowest inflation was in October at 0.5%.
- Highest month
- June: 2.4%
- Lowest month
- October: 0.5%
- Difference
- 1.9 percentage points
- Months with data
- 12 of 12
Category Insights
The highest price increase was in Energy with an average of 3.3%. The lowest price increase was in Food with an average of 2.0%.
- Highest increase
- Energy: 3.3%
- Lowest increase
- Food: 2.0%
Historical Context
Current inflation is around the 5-year average of 1.3%.
- 5-year average
- 1.3%
- 10-year average
- 1.6%
- All-time high (2022)
- 5.3%
- All-time low (2020)
- -2.1%
Trend
Inflation shows a downward trend. Compared to 2023, inflation has fallen by +0.1 percentage point.
- Change vs. previous year
- +0.1 percentage points
- Largest monthly swing
- July: +3.3 percentage points
ECB Target
Inflation is 0.3% below the ECB target of 2.0%. Too low inflation may indicate economic weakness.
Purchasing Power
At this inflation rate, purchasing power gradually decreases. The impact on daily expenses is relatively limited.
What you could buy for €100 this year will cost approximately €101.70 next year at this inflation rate.
Multi-year trend
Monthly figures 2024
Inflation by category
Inflation differs per product group. Click on a category for the historical trend.
Month overview
| Month | Inflation | Difference vs. 2023 |
|---|---|---|
| January | 2.3% | -1.4 |
| February | 1.8% | -1.8 |
| March | 1.7% | -1.1 |
| April | 2.0% | +0.7 |
| May | 2.3% | +1.0 |
| June | 2.4% | +2.6 |
| July | 2.0% | +3.3 |
| August | 1.7% | +1.3 |
| September | 0.8% | -1.6 |
| October | 0.5% | -2.0 |
| November | 1.2% | -0.5 |
| December | 1.3% | -0.1 |
| Average | 1.7% |
Data source
Data from WorldBank. Last updated: 06/01/2026.