Sunday 12 January 2014

UAE’s cost of living spotlighted in survey | The National

UAE’s cost of living spotlighted in survey | The National:

"Families pay more in the UAE than in any of the Arabian Gulf states for a British or Indian education, petrol and household utilities.

And only in Qatar are rents higher, a new cost of living study suggests.

The figures in the Cost of Living GCC Report have fuelled fears of an increase in inflation this year.

“All evidence suggests inflationary pressures are undercounted in the UAE, where rents have been rising rapidly. We see inflation accelerating towards 2 per cent,” said Rachel Ziemba, emerging markets research director at Roubini Global Economics, an economic and financial analysis company."

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