Consumer price growth has fallen back since the start of 2009, reflecting lower international oil and food prices, as well as the strengthening US dollar. However, having fallen by an average of 0.7% in 2009, the consumer price index increased by an average of 5% in 2010, as commodity trends reversed during the year. In 2011 we expect average inflation to rise to an average of 6.6%-slightly above our previous forecast-as the recent introduction of higher price subsidies fails to offset the impact of rising commodity and oil prices. We expect price growth to remain fairly stable throughout the remainder of our forecast period, averaging 4.5% in 2012-15, kept in check partly by the depressing effect on wages of the many new returnees from the Gulf. In addition, the decision of the government in December 2008 to delay the implementation of the Landlord and Tenant Law (which stipulated that all rents fixed before 1987 would be unfrozen from end-2010) to end-2013 will increase inflationary pressure from 2014.