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FINANCIAL NEWS
UAE inflation reached 1.3 percent
18 Sep 2013
(MENAFN) The National Bureau of Statistics reported that consumer prices remained stable by 1.3 percent in the UAE since three months in August, according to Khaleej Times.
Food and drinks costs boosted 3.1 percent year-on-year, compared to 1.6 in July.
Analysts expect the UAE’s average inflation to hit 1.6 percent by the end of the current year, recording the lowest level since 1990.
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