%
growth in cost of living from 2021 to 2023
%
increase in consumer prices from 2021 to 2023
Nearly 2 in 5 consumers in the UAE are comfortable with their current financial situation.
But 75% are concerned about the rising cost of everyday items.
Source: Euromonitor International Voice of the Consumer: Lifestyles Survey, fielded January to February 2023 (n=1,041)
10%
food price index growth from 2021 to 2023
11%
housing price index growth from 2021 to 2023
Food and housing prices record double-digit growth over the past two years.
Note: Food price index includes non-alcoholic beverages.
Essential Spending by Income Decile
Decile 10 spends more than 4x the amount of decile 1 on essentials and double decile 5. However, essentials make up the majority of total spend for all three income levels with housing as the highest expense.
Note: Spend per household in USD. Clothing expenditure includes footwear. Food expenditure includes non-alcoholic beverages.
DECILE 1
$
projected spend on clothing, food and housing per household in 2023
0%
of total expenditure
DECILE 5
$
projected spend on clothing, food and housing per household in 2023
0%
of total expenditure
DECILE 10
$
projected spend on clothing, food and housing per household in 2023
0%
of total expenditure
Essential Spending in the Biggest Cities
Clothing, food and housing will account for 60% to 63% of total household expenditure in the biggest cities in the UAE this year.
Note: Based on share of total household expenditure on essentials in 2023. Clothing expenditure includes footwear. Food expenditure includes non-alcoholic beverages.
Which city dwellers will be the most impacted?
