UAE's consumer price index rises 2.5% in 2021

The Consumer Price Index (CPI) reached 108.62 by the end of last year, compared to 105.97 in December, 2020, which puts the inflation rate at 2.5 per cent year-on-year.

Figures from the Federal Competitiveness and Statistics Centre show food and beverage prices rose on average 3.71 per cent across 12 months while the cost of housing, water, electricity and gas dropped overall by 2.58 per cent.

Education prices were also down, marginally, at 0.2 per cent while prices at restaurants and hotels ticked up by 1.6 per cent.

Health services crept up by 0.45 per cent while the cost of using our phones and the internet barely changed at 0.13 per cent.

Miscellaneous goods and services decreased by 1.02 per cent.

The report also revealed Abu Dhabi recorded an inflation rate of 0.08 per cent in December 2021 compared to November, while the inflation rate in Dubai was 0.09 per cent, Sharjah at 0.11 per cent, Ajman at 0.11 per cent, Umm Al Qaiwain at 0.11 per cent, Ras Al Khaimah at 0.13 per cent and Fujairah at 0.10 per cent.