SCAD: 1.3% inflation rate in 9 months

posted on 10/10/2012: 828 views

Statistics Centre - Abu Dhabi issued yesterday its monthly report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi during the last nine months and the month of September 2012, with the year 2007 fixed as the base year. It also details CPI results by welfare levels and types of households.

The first nine months SCAD indicated a 1.3% increase in consumer prices for the first nine months of 2012, compared with the same period of 2011, as shown by the increase in the CPI from 122.8 points during the first nine months of 2012, up from 121.2 points during the same period of 2011. The rise resulted from price movements (rises and falls) of the consumer goods and services during the first nine months of 2012 compared to the same period in 2011.

Largest Contributors: The report shows that the "Food and non-alcoholic beverages" group accounted for the largest rise in the index during the first nine months of 2012 compared with the same period of 2011, contributing 55.5% to change. Rises in the "Food and non-alcoholic beverages" group came as a result of increases in the prices of most of its subgroups. The prices of "Coffee, tea and cocoa" subgroups rose by 9.0%, "Meat" by 8.3%, "Fish and seafood" by 6.5%, "Oil and fats" by 6.2% and "Vegetables" by 5.4%.

The second highest contributor to the overall increase in the CPI over the first nine months of 2012 was the "Restaurants and hotels" group, accounting for 48.1% of the increase. This contribution resulted mainly from an increase of 17% in the prices of this group.

The prices of "Furnishings, household equipment and routine household maintenance" rose by 3.1% during the first nine months of 2012 compared with the same period of 2011. This group contributed 11.7% of the total increase achieved by all groups during the two periods. The most important subgroups that caused this increase were "Glassware, tableware and household utensils" up by 5.4% and "Goods '&' used services in the ordinary household maintenance" up by 3.2% respectively.

The "Education" group accounted for 12.3% of the overall increase occurring during the first nine months of 2012 compared with the same period of 2011, while the "Transport" group contributed 6.1% to the rise in consumer prices for the periods compared, with its prices increasing by 0.8%.

Price Falls: Among the main groups that slowed down the rise in consumer prices during the first nine months of 2012 compared with the same period of 2011, was the "Housing, water, electricity, gas and other fuels" group which contributed -42.1% as the prices of this group decreased by 1.3%.

The 3rd Quarter of 2012: SCAD maintains that the average rise in consumer prices for the third quarter of 2012 was 1.2 per cent, compared with the same period of 2011.

The "Restaurants and hotels" accounted for 60.7 per cent of the increase in the CPI, while prices for this group increased by 20.9 per cent.

The next highest group contributor to the overall year-to-date increase in the CPI for the third quarter of 2012 was "Food and non-alcoholic beverages" which accounted for 37.2 per cent.

The main group that slowed down the rise in consumer prices during the third quarter of 2012 compared with the same quarter of 2011 was "Housing, water, electricity, gas and other fuels" which contributed -56.6 per cent of the overall change in the CPI index. The average prices of this group decreased by 1.8 per cent.

The CPI for Q3 2012 compared with Q2 2012 increased by 0.6 per cent. The rise was due to a significant increase of 1.9 per cent of the prices for "Restaurants and hotels".

CPI in September 2012 compared with the CPI of September 2011 SCAD's report reveals that the average consumer prices increased by 1.1% in September 2012 compared with the same month in 2011, with the CPI at 123.7 points in September 2012, up from 122.3 points in September 2011. This increase in prices is due to the net movement (increases and decreases) of consumer prices during the mentioned months.

The most significant groups, which experienced increases in prices during September 2012 compared with September 2011, were the "Restaurants and hotels" group with an 18.1% increase, followed by "Clothing and footwear" with 3.8%, "Alcoholic beverages and tobacco" with 3.0% and "Food and non-alcoholic beverages" group with 1.9%. Meanwhile the "Housing, water, electricity, gas and other fuels" group decreased by 1.3%.

CPI in September 2012 compared with the CPI of August 2012 In September 2012, the average consumer prices increased by 0.3% compared with August 2012, with the CPI increasing from 123.3 points in August 2012 to 123.7 points in September 2012. This overall increase in prices between the two months reflects the net movement (rises and falls) of the prices for consumer goods and services during the two months compared.

The "Education" group recorded the largest increase at 3.0%, while "Furnishings, household equipment and routine household maintenance" rose by 2.9%, "Miscellaneous goods and services" rose by 1.0% and "Food and non-alcoholic beverages" group increase by 0.5%.

Average CPI by Household welfare level for the first nine months of 2012 compared with the same period of 2011 The rise of 1.3% in consumer prices during the first nine months of 2012 compared with the same period in 2011, resulted in a surge of 1.5% in consumer prices for households of the bottom welfare quintile for the same period of comparison. The corresponding rise for other welfare levels was 1.1% for households of the top quintile and 1.4% for the middle quintile.

Average CPI by Household welfare level in September 2012 compared with the same month in 2011 The rise in consumer prices in September 2012 by 1.1% compared with September 2011 caused a rise in consumer prices for households in the bottom welfare quintile by 1.4%, while prices increased for households in the top and middle quintile by 1.1%.

Average CPI by Household welfare level in September 2012 compared with August in 2012 The 0.3% rise of consumer prices consumer prices in September 2012, compared with August 2012, caused an increase of 0.4% in consumer prices for households in the middle welfare quintile as well as the bottom middle welfare quintile while the top middle welfare quintile increased by 0.3%.

Average CPI by Household type for the first nine months of 2012 compared with the same period of 2011 The 1.3% rise in consumer prices for the first nine months of 2012 compared with the same period of 2011, pushed up consumer prices for citizen households by 1.4%, non-citizen households by 1.0% and share households by 1.7%.

Average CPI by Household type for the month of September 2012 compared with September 2011 The 1.1% rise in consumer prices in September 2012 compared with September 2011 caused a 1.0% rise in consumer prices for citizen households during the same period. Prices for non-citizen households increased by 1.1%, while prices for share households increased by 1.7%.

Average CPI by Household type for the month of September 2012 compared with August 2012 The 0.3% rise in consumer prices in September 2012 compared with August 2011 caused a 0.4% rise in consumer prices for citizen households during the same period. Prices for non-citizen households increased by 0.3% during the two mentioned months. – Emirates News Agency, WAM

RELATED ARTICLES

19 May 2013	UAE inflation eases to 0.9% in April
16 May 2013	Abu Dhabi inflation hovering around 1 percent Y-o-Y over the first four months of 2013
22 April 2013	Consumer confidence in Dubai rides high on better job prospects and stronger personal finance
21 April 2013	UAE March inflation inches up
10 April 2013	Abu Dhabi inflation up 1.3%