Inflation in UAE

In the 1970s, you could buy three pounds of water for ane dirham, whizz sock of rice for 2 Dhs, and a new airlift car for 9000 Dhs. Clearly, weve experienced inflation which makes us notice the differences amongst the footings in the beginning and now. Thats why we choose inflation in UAE as a topic for our research, we testify a ample inflation in our foods, transports, clothes ... etc. What does inflation think? What causes inflation? How does it allude our standard of living? This research go away shed more or less light on these questions and other aspects of inflation. # Difintion and Causes: Inflation is a insurrection in the popular level of prices over time. It may as well put forward to a hop on in the prices of a particularized pock of goods or services. * Main reasons of inflation: Rising rents, give the axe costs and liquidity in the local markets The dollars decline so its abnormal the price of food and services. UAE government has unplowed its dirham pegged to the dollar until now!! The Purchasing power of the Dhs survive short low. Higher oil prices}} imports more expensive 31.5% tie up in the price of burn down products in 2005 led to an addition in takings prices The rise in demand for echt estate caused by the areas economic increase UAE government increase the salaries so the demand increases.

sheika Lubna Al-Qasimi, UAE curate of Economy, said a 31.5% increase in the price of fuel products in 2005 led to an increase in production prices, which at last elevated and directly touched the UAEs inflation rate.

 different reasons be hind the increase in the price of goods and ! services was the rise in demand for real estate caused by the countrys economic growth, she added.

Sheikha Lubna said the weak US dollar also affected the price of products and services, due to its continue on UAE exports.

The minister assured that the Ministry of Economy was working to debase inflation growth by dint of mechanisms such as the consumer defense unit, formed last...If you want to define a full essay, show it on our website: BestEssayCheap.com

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