Dubai inflation

March 23rd, 2010 by Stephen Jones Leave a reply »

UAE money supply growth slows to 1.3% at Feb-end which is a predicotr that inlfationwill be low for some time. Year on year the consumer price index for both Jan fell by tiny amounts so prices seem to have has largely stablised after overheating in 2008. With global recession and low interest rates this is to be expected but its still welcome to get back to normality where prices don’t increase week on week and it becomes possible to budget ones finances.

I suspect the $ and oil prices will be the major factors onthis year;’sinflation but predictions are around 2%.

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