Dubai: CPI inflation May 2025

Headline CPI inflation in Dubai accelerated to 2.4% y/y in May, up from 2.3% the previous month. On the monthly measure prices were 0.2% lower, following a 0.3% rise the previous month. Annual inflation over the first five months of the year has averaged 2.8%, moderately higher than our full-year forecast of 2.5%. However, most components of the basket continue to show only moderate price growth and we anticipate that inflation should be maintained around current levels through the rest of the year, a slowdown from the 3.2% pace seen at the start of 2025.

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