UAE: Dubai inflation hits three-month high in November
Latest reading: Dubai inflation came in at 3.0% in November, which was up from October’s 2.4% and a three-month high, with housing and utilities expenses surging at the second-fastest rate since records began in 2013 as a result of a booming population. Nonetheless, the inflation reading remained below the highs seen in 2022–2023 caused by the onset of the global energy crisis in late 2021; the recent drop in petroleum prices led transport costs to fall further in November.
Annual average inflation in Dubai remained at October’s 3.3% in November.
Lastly, consumer prices in Dubai increased 0.44% from the previous month in November, accelerating from October’s 0.16% increase.