Inflation in UAE

In the 1970s, you could buy three pounds of water for ane dirham, 1 sock of rice for 2 Dhs, and a new face lifting car for 9000 Dhs. Clearly, weve experienced inflation which makes us notice the differences among the footings in the beginning and now. Thats why we choose inflation in UAE as a topic for our research, we testify a gigantic inflation in our foods, transports, clothes ... etc. What does inflation humble? What causes inflation? How does it allude our standard of living? This research ordain shed more or less light on these questions and other aspects of inflation. # Difintion and Causes: Inflation is a insurrection in the global level of prices over time. It may as well confer to a rear in the prices of a particularized striation of goods or services. * Main reasons of inflation: Rising rents, give the ax costs and liquidity in the local markets The dollars decline so its abnormal the price of food and services. UAE government has unploughed its dirham pegged to the dollar until now!! The Purchasing power of the Dhs function short low. Higher oil prices}} imports more expensive 31.5% prehend in the price of furnish products in 2005 led to an humanitarian in takings prices The rise in demand for veridical estate caused by the outlandishs economic harvest-tide UAE government increase the salaries so the demand increases. sheika Lubna Al-Qasimi, UAE pastor of Economy, said a 31.5% increase in the price of fuel products in 2005 led to an increase in production prices, which in the end elevated and directly touched the UAEs inflation rate.

 different reasons behind the increase in the price of goods and services was the rise in demand for real estate caused by the countrys economic growth, she added.

Sheikha Lubna said the weak US dollar also affected the price of products and services, due to its relate on UAE exports.

The minister assured that the Ministry of Economy was working to press in! flation growth by dint of mechanisms such as the consumer shelter unit, formed last...If you want to define a full essay, ensnare it on our website: BestEssayCheap.com

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