There was inflation in Dubai higher in the increase in the cost of food. Next year it is predicted that there will be more rise in the consumer cost across the Gulf.
There was a slightly increase in last month inflation in Abu Dhabi. But there is normal rate of inflation in all other countries. There will be moderate increase in inflation next year.
The chief economist of Banque Saudi Fransi, John Sfakianakis has alleged that the private-sector growth, aggregate demand and the base effect of food prices that has been developed has a normal raise.
It has been informed that inflation is in the final stage in five of the six GCC states next year which is predicted by the His bank. Still there is rise of 3.1 per cent with consumer prices in the UAE growing. Prices this year would average 1 per cent.
Yesterday the cost of fruit, vegetables, meat and other foods, data released by the Dubai Statistics Centre (DSC) has released that there is a rise of 0.5 per cent on an annual basis in consumer prices generally in Dubai yesterday. There is a growth of 4.2 per cent in the cost of Food.
