WHAT--only now is inflation an issue for the government????? In EVERY Western (sic) country inflation is the NUMBER one enemy of the government/monetary body. Most have target to keep it below a threshold of 2-3% - above the target (or getting close) results is endless steps to tame it. Why? Because the 70's and 80's taught an important lesson regarding inflation - it KILLS an economy and is extremely difficult to deal with after the fact.
If the UAE et el think they are any different they are sadly mistaken. If they do not deal with the issue their thriving economy will not last too long.