UAE Inflation reached 2.08% in 1H 2024, narrowing slightly from the 2.09% it reached in 1H 2023, according to our math based on figures (pdf) from the Federal Competitiveness and Statistics Centre.

The breakdown: Prices of housing, water, electricity, and gas rose by 3.14% during the first half of the year. Food and beverage costs increased by 1.96%, while healthcare services rose 2.03% and education prices grew 2.65%.

Month-on-month, inflation saw fluctuations in 1H 2024, with a 0.15% contraction in January, followed by rises in February (+0.23%), March (+0.24%), April (+0.48%), and May (+0.15%), according to the statistics center’s monthly data (pdf). It then declined in June (-0.11%), marking the second contraction in the first half of the year.

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