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FinancialNews
14-07-22
UAE citizens deal with high inflation by reducing expenses
(MENAFN) In line with findings of a research, as inflation bites into domestic finances through the world, UAE citizens also feel the pinch of increased prices and could remain to making reductions on their expenditure in the yet to come.
The most recent YouGov Realtime revision, which studies how inflation has impacted people's cost of living in the UAE as well as the areas where they have made reductions to their domestic spending along with their future expenditure intent, residents states are likely to make highest cutbacks on eating out and purchasing tools as well as electronics.
Statistics composed online between 1,006 urban respondents in the UAE for the study indicate that a main stream (83 per cent) of residents consider their cost of living has raised up to some level against a year ago, with at least half (53 per cent) stating that it has increased a lot and for 30 per cent it has surged a little.
MENAFN14072022000045014228ID1104529446
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