Spectre of inflation in the Arabian Gulf prompts reality check

Alarm bells will be ringing for employers after the IMF announced that inflationary pressures in the Arabian Gulf will push up living costs this year.

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From an employer's point of view, pressure has been attributed to rises in rent, costs of children's education, health care, and transport, including the price of vehicles. Given that these four elements comprise 40 to 50 per cent of an average household's spending, any unexpected or inflated increase will have a huge impact on employers' payroll costs.
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It isn't long ago that corporate HR battled through the 2007 to 2009 years of inflationary pressures on direct employment costs, particularly housing and education, resulting in two years of frenzied fire-fighting on the salary front.
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Read more: http://www.thenational.ae/thenationalconversation/industry-insights/economics/spectre-of-inflation-in-the-arabian-gulf-prompts-reality-check#ixzz2KCYvWHLd