SCAD: y-o-y consumer prices rise 1.2% in first 5 months of 2012

posted on 10/06/2012: 667 views

The average year-on-year rise in consumer prices in the emirate of Abu Dhabi for the first five months of 2012 was 1.2%, according to a new report.

The Statistics Centre of Abu Dhabi, SCAD's monthly report on the consumer price index (CPI) and the inflation rate in Abu Dhabi for June 2012 showed that foods and non-alcoholic beverages accounted for 67.9% of the rise in the index, due to increases in the prices of most of the subgroups included in this group.

The highest price increases were in the "Meat" subgroup which advanced by 11.2%, followed by "Fish and seafood" (up 13.5%), "Coffee, tea and cocoa" (9.6%), "Oils and fats" (6.7%) and "Bread and cereals" (3%), SCAD's report showed.

The report analyses the CPI calculations for the periods under review, with the year 2007 fixed as the base year.

It also details CPI results by welfare levels and types of households.

The main group that slowed down the rise in consumer prices during the first five months of 2012 compared with the same period of 2011 was "Housing, water, electricity, gas and other fuels" which contributed a negative 30.4% of the overall change in the CPI index, with the average prices of the group falling by 1% during the said period.

According to SCAD's report, average consumer prices advanced 1.7 per cent in May 2012 compared with May 2011. The largest individual increase was recorded in the "Restaurants and hotels" group which rose by 38.9%, followed by "Alcoholic beverages and tobacco" (up 19.1%) and "Food and non-alcoholic beverages" (up 4.9%).

On the other hand, May prices for the "Housing, water, electricity, gas and other fuels" group retreated 1.3 per cent y-o-y. – Emirates News Agency, WAM

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