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UAE 2012 inflation won't exceed 2 pct-minister
March 14, 2012 / 7:08 AM / 6 years ago

UAE 2012 inflation won't exceed 2 pct-minister

DUBAI, March 14 (Reuters) - Inflation in the United Arab Emirates in 2012 is not expected to exceed 2 percent, the economy minister said on Wednesday.

“I hope we will be able to control it. It was hovering around 1.5 percent and it should not get past 2 percent,” Sultan bin Saeed al-Mansouri told reporters on the sidelines of a conference in Dubai.

Inflation climbed to a six-month high of 0.7 percent on an annual basis in January, data from the National Bureau of Statistics showed.

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