inflation

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Title: inflation

Essay Details:

Subject: Social Issues

Author: Gerardo P

Date: June 29, 2015

Level: University

Grade: B

Length: 4 / 982

Essay text:

Rents accounted for 36.14 per cent of the consumer price index, the brokerage firm said in a report titled Yesterday, Today and Tomorrow. "Inflation is the UAE's biggest concern presently, though there seems to be little that can be done to buck the trend amidst an economy operating under a fixed exchange-rate regime." The devaluation of the dollar against other currencies and the heating up of the economy also rippled through the UAE in the form of higher prices, the report said. Excessive demand for housing from a growing pool of expatriates moving to the UAE put pressure on rents. These have more than doubled since 2004 and, according to the Dubai Municipality census, rent rates soared by an average of 37 per cent in 2005...

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