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The depression-type asset price inflation, with its origin in the monetary experiment undertaken by the Federal Reserve in the aftermath of the Great Recession (2008-2009) is still in progress at the time of writing.
According to the ONS report, the Consumer Prices Index (CPI), a measure of consumer price inflation produced to international standards and in line with European regulations, increased by 0.3% in the year to April 2016, down from 0.5% in the year to March.
Before the Reserve Bank adopted inflation targeting in 1989, high nominal house price inflation partly reflected generalised inflation in the economy.
High stunting and wasting levels are more likely a result of extreme shocks and are not as sensitive to monthly price inflation as underweightness
The Jadwa report said food price inflation was at its lowest level in March since August 2012, at 3.8 percent y-o-y.
Food price inflation fell to 2.4 per cent y/y from 3.5 per cent in October, its sixth consecutive monthly decline.
He also noted that wholesale price inflation data was due to be out on Monday.
Latest figures from Statistics Centre Abu Dhabi (SCAD) showed the consumer price inflation in the emirate of Abu Dhabi was 0.9 per cent in June 2013 compared with the same month last year.
"The fact that consumer price inflation looks likely to peak at a markedly lower level over the summer than had previously seemed likely is good news for growth prospects."
The overall shop price inflation level, of 0.4%, is its lowest since November 2009 and well below the latest official rate of consumer price inflation (CPI) of 2.8%.
Following a substantial increase in September to 9.2% from 7.3% in August, food price inflation ticked up even further in October to 10.1% (year on year).
A report on the BRC-Nielsen Shop Price Index shows that overall shop price inflation slowed to 1.0 percent in July from 1.1 percent in June.