Reuters:
ABU DHABI - Inflation in the UAE probably hit 10.9 percent in 2007, the National Bank of Abu Dhabi (NBAD) said, revising up its forecast for price rises by almost three percentage points on rising rents.
Inflation is rising rapidly across the world's top oil-exporting region, where economies are surging on a near five-fold rise in oil prices since 2002. UAE inflation hit a 19-year peak of 9.3 percent in 2006, according to official data.
"Indicators continue to point to unabated inflation," - NBAD