Inflation to drop as spending falls- Abu Dhabi reports

The rate of inflation in the UAE this year may range between five and eight per cent as the current global financial crisis is flagging consumption, and in turn lowering inflationary pressures worldwide. The UAE Minister of Economy Sultan Bin Saeed Al Mansouri said "all over the world food prices are going down. Our target projection on inflation is that it's going to come down definitely from the 11 per cent”.