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UAE January inflation at 0.7%, six-month high

 
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Kirk
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PostPosted: Mon Feb 20, 2012 7:08 am    Post subject: UAE January inflation at 0.7%, six-month high Reply with quote

According to data from the UAE National Bureau of Statistics, consumer prices in the country rose to a six-month high of 0.7% on an annual basis in January and rose 0.3% on the month due to an increase in housing prices, Reuters has reported. The second-largest Arab economy is seen expanding by 3.1% in 2012 after an estimated 3.9% in 2011. UAE central bank governor Sultan Nasser al-Suweidi said in January he was not worried about inflation this year, predicting it could average around 2%.

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