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UAE 2012 inflation won’t exceed 2 percent

UAE 2012 inflation won’t exceed 2 percent

Inflation in the United Arab Emirates in 2012 is not expected to exceed 2 percent, the economy minister said on Wednesday.


March 14, 2012 1:48 by

“I hope we will be able to control it. It was hovering around 1.5 percent and it should not get past 2 percent,” Sultan bin Saeed al-Mansouri told reporters on the sidelines of a conference in Dubai.

Inflation climbed to a six-month high of 0.7 percent on an annual basis in January, data from the National Bureau of Statistics showed.


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