UAE deflation... prices actually dip

Government controls have slowed the rising prices

Consumer prices in the UAE dipped by 0.1 per cent on an annual basis in October, their first decline in 20 months, and rose 0.4 per cent  from the previous month helped by a jump in food costs, data from the National Bureau of Statistics showed on Monday.

Analysts have expected prices in the world's No. 4 oil exporter to pick up gradually this year, although the government price controls have slowed the rise.

The second largest Arab economy is seen expanding by 3.8 per cent this year and next after a 1.4 per cent growth in 2010.

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