The UAE is to record one of the lowest inflation rates in the region at around two per cent from 11.5 per cent. "For the region as a whole, inflation pressures are projected to subside quickly, owing to lower commodity prices, rents, and economic activity," the IMF said in its World Economic Outlook.
Let's hope it does drop. Have any of you noticed prices going down in everyday purchases (beyond sales of course)? I personally haven't.
