On the back of economic recovery, the UAE is expected to become a costlier place to live in, as per the findings of Economic Intelligence Unit (EIU).
According to EIU, as the economy recovers, and oil and international commodity prices increase, it expects inflationary pressures to re-emerge gradually, especially in light of the projected expansion in infrastructure development.
“We expect inflation in 2011 to average 2.5 per cent owing to an increase in prices of grains, sugar and other basic items. However, low housing costs will keep inflation at a manageable level, at an average of 2.2 per cent in 2011-15.
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