Inflation rates by country and year
Data: World Bank, annual %. For information only — not financial advice.
Behind the curve
Turning points in United Arab Emirates
- 2008↑ Upward pressure
The world food price crisis ↗ — Wikipedia (opens in a new tab)
In the UAE's 2007–08 boom, higher imported food and building-material prices combined with domestic demand pressure, especially rents, to accelerate annual inflation rather than producing a food-price shock alone.
- 2020↓ Downward pressure
The pandemic recession ↗ — Wikipedia (opens in a new tab)
COVID-19 demand disruption and the 2020 oil-price collapse hit the UAE's hydrocarbon exports, which the CBUAE says fell 36.2%. The combined shock weakened activity and price pressure in the oil-exporting economy.
- 2022↑ Upward pressure
The post-pandemic inflation surge ↗ — Wikipedia (opens in a new tab)
Imported inflation, higher fuel and food prices, rising housing costs and stronger activity lifted UAE prices in 2022. The IMF notes that the dollar peg required CBUAE to follow US rate rises while the stronger dollar partly moderated imported-price pressure.
These are selected historical influences, not a complete account of inflation. An upward-pressure event can coincide with a peak when its inflationary effect has already occurred or when other forces begin pushing inflation lower. The markers show the years in which events occurred, although their effects may extend into later years.