Friday, April 04, 2008

Inflation in the UAE, Oman and elsewhere

An analysis of inflation in the regional economies from the Gulf Research Centre in Dubai says,
Inflation is at 16-year highs in Saudi Arabia and Oman, a 19-year peak in the United Arab Emirates and just below record levels in Qatar. Disparate trends and obfuscating analyses abound. This is obvious in the absence of scientifically modeled dataset on the macro trends of the GCC economies; leave alone the unbalanced or non-existent consumer price indexes (CPI), particularly in case of the UAE. ... As per our estimates, inflation rates in Bahrain, Kuwait, Oman and Saudi Arabia were 8.4 percent, 6.6 percent, 5.3 percent and 6.5 percent respectively, in comparison to a staggering 12.8 percent and 11.3 percent in Qatar and the UAE.
Read it all here.

Will the dirham remain pegged to the dollar?



Post a Comment

Links to this post:

Create a Link

<< Home