"UAE inflation will accelerate to 10.1% this year"
This headline started this thread. Since then the figure has been revised to 10.4 then 10.9.
Independent reputable economists have made estimates in the 12-13% region.
The 10.9% figure is held artificially low as it relates to Emirates Nationals rather than expats. They get certain alleviations on cost of living which expats indirectly pay for. Hence the independent higher figure calculated by the same standards.
The final figures will be higher and are climbing daily. With the Fed predicted to cut rates by a further 0.75%, the situation can only get worse. Inflation on foodstuffs will maintain their level over 30%.
We are at a position where bi-annual salary reviews are in order.