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UAE inflation at 9-year low

Thursday, February 18, 2010

Falling property prices pulled the inflation rate down to a nine-year low last year, Government figures show...

Inflation ran at 1.6% last year, while consumer prices for December eased 0.7%.

That represents a sharp reversal from the year before, when UAE inflation reached 12.3%, the second-highest in the GCC.

Source: The National

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