Don't expect the inflation rates to come down next year or even the next. The same scenario applies across the Gulf Region. There's too much liquidity in the market leading to higher disposable income and incraesed consumer spending and certainly no thanks to the continued pegging of QR to the USD.

Tighter financial controls by the banks is one major step forward...but hey, borrowing money from the banks has become too easy here. So where does the money go? Ans: Out of the country... and here's the puzzle: I believe not all the monies remitted out of this country are by expatriates. Go figure it out.... :)