Macroeconomic Forecast UAE – Macroeconomic Forecasts

Consumer price inflation in the UAE fell to a six-month low in June according to latest data from the National Bureau of Statistics, coming in at 0.4% y-o-y, compared to 0.8% in May and April respectively. Food price inflation fell to its lowest level since March 2011, coming in at 5.0% y-o-y, while housing price inflation remained in deflationary territory for the 18-consecutive month. Going forward, we expect inflation in the UAE to remain in the low single-digits, and are projecting the headline print coming in at 2.0% by the end of 2012.

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