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Old 20th Feb 2008, 08:23
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disconnected
 
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Last Year's Inflation accelerated to 10.1% - Reuters

Schismatic - 9.2% inflation last year is conservative. Already being revised upwards:

Annual money supply growth in the UAE, an indicator of future inflation, jumped 33.8% at the end of September, central bank data showed on Monday.

M3, the broadest measure of money circulating in the economy, was 623.4 billion dirhams ($169.8 billion) on September 30, compared with 466.08 billion dirhams a year earlier, data obtained by newswire Reuters showed.

Inflation may have accelerated to 10.1% last year, according to a Reuters survey of economists. (Reuters)


http://www.arabianbusiness.com/51151...nflation-surge
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