Current inflation الإمارات 1.3%
December 2024
Current Inflation
Inflation is low at 1.7%, below the ECB target of 2%.
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.
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.
Last 12 months
5-year trend
Statistics
- This year (avg.)
- 1.7%
- Last year
- 1.6%
- 5-year average
- 1.7%
- All-time high (2022)
- 5.3%