{
  "id": 12411971,
  "title": "Rise expected in UAE's inflation figures, S&P Global says",
  "url": "https://urgent.news/2026/10/06/rise-expected-in-uaes-inflation-figures-s-p-global-says-12411971",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T15:26:34.000Z",
  "source": {
    "name": "The National Business",
    "slug": "the-national-business",
    "url": "https://www.thenationalnews.com/business/economy/2026/10/06/rise-expected-in-uaes-inflation-figures-sp-global-says/"
  },
  "original_language": "en",
  "account": "S&P Global Market Intelligence predicts a rise in UAE inflation figures for the third quarter of 2021, citing the steep increase in non-oil businesses' selling prices in September. The principal economist, David Owen, attributes this to a surge in demand within the UAE's non-oil private sector, driven by factors such as higher costs for materials, labor, and energy due to the Iran war. According to Owen, 13% of surveyed firms reported an increase in selling prices since the previous month, compared to just 5% that noted a decline. The seasonally adjusted S&P Global UAE Purchasing Managers Index for September remained steady at 55.3, indicating economic growth. However, the Output Prices Index suggests that consumer prices will rise sharply at the end of the third quarter, reflecting a notable acceleration in annual inflation. The UAE's fuel prices have surged by about 80% since February, while shipping disruptions in the Strait of Hormuz have led to increased costs for materials and inputs. S&P Global Markets Intelligence has been tracking the non-oil private sector's performance since 2009, measuring operating conditions through the S&P Global UAE PMI Index, which comprises responses from around 1,000 non-energy private sector companies across various sectors.",
  "summary": "The steep increase in selling prices of non-oil businesses in September is an indication of a higher UAE inflation number for the third quarter of this year, according to S&P Global Market Intelligence. The rising rate of inflation in selling prices by businesses is being partly driven by an increase in demand conditions in the UAE's non-oil private sector , David Owen, principal economist at the…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The National UAE",
        "title": "Rise expected in UAE's inflation figures, S&P Global says",
        "url": "https://urgent.news/2026/10/06/rise-expected-in-uaes-inflation-figures-s-p-global-says",
        "published": "2026-10-06T15:26:34.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}