Inflation Rate 2024 In Uae. Inflation averaged 1.5% in the decade to 2022. Inflation in dubai came in at 3.6% in january, which was up from december’s 3.3% and was due to a sharper rise in housing, utilities and fuel costs and a less acute decline.

We expect inflation to moderate to 2.5% in 2024 as interest rates stay high and the dirham remains strong, keeping imported inflation contained. Overall, we expect headline gdp growth of 3.3% in the uae in 2024, down from an estimated 3.6% in 2023.