Page 42 - SALIK PR REPORT FEBRUARY 2024

Commodities are unlikely to benefit from core inflation in 2024. Inflation in
the UAE is expected to increase in 2024, albeit at a slower pace than last
year, as the economy continues to expand at a good pace.
According to Emirates NBD Research, the consumer price Index (CPI) in
the UAE is expected to increase by 3.0 per cent this year as compared to
3.5 per cent last year. The increase in prices is mainly attributed to global
geopolitical issues, the rising population in the country and supply chain
challenges.

https://www.khaleejtimes.com/uae/uae-6-things-that-will-cost-residents-more-in-2024