The UAE has experienced significant macroeconomic imbalances over the last 12 months, according to the National Bureau of Statistics report.

The lowest inflation rate was recorded in June 2023, at 1.02%. Food and transportation prices back then decreased after the rapid growth that followed Russia’s war in Ukraine in February 2022.

Since June, the inflation rate has grown over 2%, to 3.36% in February 2024.

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