Wednesday, July 09 - 2008

UAE food price inflation may hit 40%

United Arab Emirates: Wednesday, March 05 - 2008 at 06:49

The inflation rate of food prices in the UAE could rise up to 40% this year, reported Gulf News. Dr Jamal Al Saeidi, director of the Emirates Consumer Protection Society, said food price inflation the UAE was between 27 and 30% in 2007, but could rise to 40% in 2008, unless the government takes strong measures. He also called for increased government subsidies on fuel.

Jeff  Florian Jeff Florian, Senior Reporter
Wednesday, March 05 - 2008 at 06:49 UAE local time (GMT+4)

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