12:03 - 2.07.2026

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July 2, Fineko/abc.az. Inflation in Dubai for May was 5.5%, exceeding the forecast of 5.4% and April 4.8%.

ABC.AZ reports that The National informs this with reference to Emirates NBD. The rise in prices is associated with growth in prices for fuel, transport and imported food amid the conflict between the U.S. and Iran.

According to economist Dan Richards, inflation is expected to increase slightly in June, but will begin to slow down in July due to lower oil prices and improved logistics. By December, inflation is expected to decrease to 2.9%.

In response, the UAE has reduced the price of gasoline by 14% and diesel by 17%, although they are still approximately 35% higher than in January. Additionally, the increase in housing and utility prices, which make up 37.5% of the consumer basket, continues to put additional pressure on inflation.