GCC: UAE & KSA inflation slowed in November

Dubai’s headline CPI inflation slowed to 2.7% y/y in November, mainly due to lower transport costs. Housing & utilities remain the biggest driver of price growth in Dubai, but the pace is easing.
Saudi Arabia’s inflation slowed to 1.9% y/y in November, with housing as the main contributor.
Both Dubai and Saudi Arabia are expected to see softer inflation in 2026 as housing price growth moderates.

Daniel Richards