Inflation, consumer prices for the United Arab Emirates
FPCPITOTLZGARE • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
1.66
Year-over-Year Change
151.16%
Date Range
1/1/2008 - 1/1/2024
Summary
The Inflation, Consumer Prices for the United Arab Emirates (UAE) is a key economic indicator that measures the rate of change in the prices of goods and services consumed by households in the UAE over time. This metric is crucial for policymakers and economists to understand the overall cost of living and purchasing power in the country.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The Consumer Price Index (CPI) is the most widely used measure of inflation, tracking the prices of a representative basket of consumer goods and services. The UAE CPI is an important barometer of the country's economic health and can inform monetary policy decisions, such as interest rate adjustments, to maintain price stability.
Methodology
The UAE CPI data is collected and calculated by the UAE's Federal Competitiveness and Statistics Centre.
Historical Context
Monitoring the UAE's inflation rate helps policymakers and investors assess the country's economic performance and make informed decisions.
Key Facts
- The UAE has historically experienced low and stable inflation rates.
- Inflation in the UAE averaged 2.1% from 2010 to 2021.
- The UAE CPI is published monthly by the Federal Competitiveness and Statistics Centre.
FAQs
Q: What does this economic trend measure?
A: The Inflation, Consumer Prices for the United Arab Emirates (UAE) measures the rate of change in the prices of goods and services consumed by households in the UAE over time.
Q: Why is this trend relevant for users or analysts?
A: This metric is crucial for policymakers and economists to understand the overall cost of living and purchasing power in the UAE, which informs monetary policy decisions and assessments of the country's economic performance.
Q: How is this data collected or calculated?
A: The UAE CPI data is collected and calculated by the UAE's Federal Competitiveness and Statistics Centre.
Q: How is this trend used in economic policy?
A: Monitoring the UAE's inflation rate helps policymakers and investors assess the country's economic performance and make informed decisions, such as adjusting interest rates to maintain price stability.
Q: Are there update delays or limitations?
A: The UAE CPI is published monthly by the Federal Competitiveness and Statistics Centre, with minimal update delays.
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Citation
U.S. Federal Reserve, Inflation, Consumer Prices for the United Arab Emirates (FPCPITOTLZGARE), retrieved from FRED.