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Noticas


THE ECONOMY - CONSUMER PRICE INDEX


Inflation climbs to 4.43% in UAE


posted on 22/08/2015

The overall inflation in the country rose to 4.43 per cent year-on-year in July, highest in six years. In a month-on-month comparison, CPI rose to 126.03 points from 125.66 points or 0.37 points.
The chief contributing factors to the rise in inflation were led by food and beverages that rose 1.37 per cent; followed by textiles, clothing and footwear that went up 0.33 per cent and rise of 0.13 per cent in housing rents.
Decreases to the CPI came from miscellaneous goods and services 0.12 per cent; medical care 0.07 per cent and furniture and household goods 0.01 per cent.
Housing and utility costs, which account for over 39 per cent of consumer expenses, jumped 10.0 per cent from a year earlier in July and rose 0.1 per cent from the previous month. Abu Dhabi hiked electricity and water tariffs from January 1. Food and soft drink prices, which account for nearly 14 per cent of the basket, rose 3.4 per cent year-on-year and 1.4 per cent month-on-month.
At the emirate level, CPI fluctuated highest in Sharjah measuring 0.54 per cent; followed by Ajman where 0.49 per cent growth was witnessed. In Dubai, it rose 0.45 per cent followed by 0.31 per cent in Abu Dhabi, according to latest data. Lowest fluctuation of 0.15 per cent was noted in Fujairah, according to the National Bureau of Statistics.
On the rise in food prices in July which is reflected on the CPI, a leading retailer Wissal Ahmed Khan, chief executive officer of Alam Supermarkets in Abu Dhabi, said: "The period covered in the survey includes the second half of Holy month of Ramadan, when the promotions launched by the retailers came to an end, to normal price levels."
He said that retailers had offered hundreds of food items on little or no profit basis during the first half of Ramadan, which is a standard practice and towards the end of the holy month, the prices are reverted to their original levels.
Carla Slim, economist Mena, Standard Chartered Bank, said: "Inflation is on the rise in the UAE." Inflation in Abu Dhabi is at a six-year high, driven by housing costs and the cost of water, electricity, gas and other fuels, she said. International Monetary Fund concluded consultations under article IV on July 29 and in its assessment it said, the economic outlook is expected to moderate amid lower oil prices in the year.
Annual inflation is projected to pick up to 3.8 per cent in 2015 against 2.3 per cent in 2014. In her analysis on the rise in inflation, Dr Monica Malik, chief economist at Abu Dhabi Commercial Bank said the rise in clothing and food prices in July were driven by seasonal factors with the Eid holidays."
Given the strong USD and weak global inflation, "We believe that these drivers will likely moderate in the up-coming months.
"However, inflation is expected to accelerate in August with the increases in gasoline prices. We estimate that the fuel price change in August could add one percentage point to headline inflation," Dr Monica said. – Khaleej Times - http://www.khaleejtimes.com/business/economy/inflation-climbs-to-443-in-uae

SUBIR | NOTICIAS MS RECIENTES (WAM)


Inflation rate for CPI in Dubai up 0.45% in July: DSC


posted on 14/08/2015

The monthly inflation rate for Consumer Price Index (CPI) in the Emirate of Dubai rose 0.45% in July compared to June driven by price increases in major groups of expenditure, according to Dubai Statistics Centre (DSC).
In its monthly report, the DSC said the rise in the CPI was caused by increases in prices of Food and Non-Alcoholic Beverages at 2.62%, Housing, Water, Electricity, Gas, and other Fuels 0.42%, Alcoholic Beverages and Tobacco 0.24%, Restaurants and Hotels 0.05%.
The report also noted the drop in prices of the group of Miscellaneous goods and services 0.56%, Furnishings, Household Equipment and Routine Maintenance 0.21%, Transport 0.08%, Communications 0.04%, and Health 0.01%.
Prices of other groups, the report added, remained stable. – Emirates News Agency, WAM - http://www.wam.ae/en/news/economics/1395284314924.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Abu Dhabi's inflation up by 1.4% in Q1


posted on 09/08/2015

The annual inflation rate for the Emirate of Abu Dhabi increased during the first quarter of 2015 by 1.4% compared to the fourth quarter of 2014, reaching about 5.0%, and recorded its highest level since January 2014 during the month of March, i.e. 5.4%.
According to the economic performance report of the Emirate of Abu Dhabi, issued by the Division of Studies in the Department of Economic Development in Abu Dhabi, the first months of 2015, in general, witnessed a significant increase in the annual inflation rates that reached 5.0% in January and 4.6% in February compared to the average inflation rate during 2014 amounting to about 3.2%, and to 1.3% in 2013.
The inflation rate during the first quarter of 2015 was influenced by the increases of water and electricity prices in the residential sector since January 2015 and. Residential rents and increase of water and electricity prices are considered of the most important factors causing inflation in the Emirate.
On the other hand, the housing, water, electricity, gas and other fuels group contributes by about 37.9% of the weight of the major expenditure groups of the goods basket forming the Consumer Price Index (CPI) in the Emirate of Abu Dhabi.
According to the figures issued by the Statistics Centre - Abu Dhabi, these increases resulted from the changes in the prices of goods and services forming the consumer basket.
An analysis of the contribution of the groups forming the consumer basket in the Emirate of Abu Dhabi in the total changes in the Consumer Price Index during the period (January-February 2015) showed an increase of the contribution percentage of the "housing, water, electricity, gas and other fuels" group in the total changes in the consumer price, reaching 85.4%, followed by the "furnishings, household equipment and routine household maintenance" group with 16.2%.
According to the reports issued by the Statistics Centre – Abu Dhabi, the rentals have increased during January 2015 by 9.7% compared to the January 2014, with the index reaching 109.7 points in January 2015.
The general trend of the index indicates an upward trend of the rental values of housing in the Emirate of Abu Dhabi, however, the market was stable since last August as the rental index ranged between 109 and 110.1 between August and December 2014, and declined in January 2015.
In spite of the fact that the decline is not significant, it indicates that the coming period will witness a sort of relative stability in rentals, especially in light of the decrease of oil prices, and shares of the stock market, which may affect the demand for rentals in particular.
The electricity costs increase since January 2015 is reflected in the increase of inflation rates during the entire year of 2015, where the figures issued from the National Bureau of Statistics indicate that the "housing, water, electricity and gas" has significantly increased in the United Arab Emirates during January 2015 by 2.48% compared to December 2014.
The report issued by the Centre stated that the main reason for this increase is due to the increase of the prices of water and electricity, which increased since the beginning of January 2015. The results of the economic forecasts of the Emirate of Abu Dhabi pointed to the expectation of increase of the inflation rate to reach 3.1% on average during the period 2014-2018.
It is noteworthy that the inflation rate in the Emirate of Abu Dhabi was not affected in the first quarter of 2015, by the increase of the Dirham exchange rate, as it is linked to the US dollar of which the exchange rate increased, and therefore the Dirham exchange rate increased against many currencies, especially the Euro, Japanese Yen and the Pound Sterling.
The UAE Dirham exchange rate against the Euro increased and ranged between 0.22 Euros / Dh and 0.26 Euros / Dh during the period January-March 2015, which reflects an increase of the Dirham exchange rate against the Euro by 12% during the said period.
The UAE Dirham exchange rate against the Pound Sterling has increased in general during the aforementioned period, in spite of the fluctuations taking place in that period, as the value of the Dirham against the Pound Sterling ranged between 0.1748 pounds / Dh and 0.1846 pounds / Dh during the period from January to March 2015.
As for the Japanese Yen, the value of Dirham against the Japanese Yen ranged between 31.67 Yen / Dh and 33.06 Yen / Dh during the period January-March 2015.
The levels of the inflation rate in the Emirate of Abu Dhabi in the first quarter of 2015 show that the impact of the increase of the Dirham exchange rate against many currencies on the cost of imports from these countries did not lead to a decrease or even the stability of the general price level, as some expected. This impact was lessened due to the influence of local factors such as increase of residential rentals and water and electricity prices in the residential sector since the beginning of January of 2015. – Emirates News Agency, WAM - http://www.wam.ae/en/news/economics/1395284136491.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Consumer Confidence Index in the Economic Performance increased by 5 points in contrast with Q4, 2014: Department of Economic Development, Abu Dhabi


posted on 03/08/2015

The index record of the consumer confidence in the economic performance of the Emirate of Abu Dhabi in the first quarter of this year increased by 5 points and recorded about 138 points on average as compared to 133 points in the fourth quarter of the previous year.
The finding came within the results of the economic performance report of the Emirate of Abu Dhabi for the first quarter of this year issued by the Studies Division of the Department of Economic Development – Abu Dhabi in collaboration with the Statistics Centre - Abu Dhabi, reflecting the ability of the economy of the Emirate to absorb the effects of concerns associated with the performance of the global economy in light of the instability of oil prices. It is noteworthy that the index has declined compared to the first quarter of 2014, which is normal in light of the above mentioned developments.
The individual financial situation index in the first quarter of 2015 increased by 6 points and recorded 118 points compared to 112 points during the last quarter of last year.
This reflects the improved evaluation of individuals for the current situation related to available job opportunities and income during the first quarter of the year compared to the fourth quarter of last year, in light of the good performance of the economy of the Emirate, and the emergence of evidence on the strength of the financial conditions against the developments related to the fluctuations of world oil prices, according to the Department of Economic Development, Abu Dhabi.
The index of confidence in the policies has also increased by 7 points and scored 127 points, on average, during the first quarter of 2015 compared to 120 points in the last quarter of 2014.
The results of the index of confidence of the consumers in the government policies reflect the increase of confidence levels among individuals of various demographic and social characteristics, in light of the growing interest of decision makers and the efforts exerted to upgrade the quality of life of all residents in the Emirate.
The future expectations index increased by about 3 points in the first quarter of 2015 and recorded 171 points, on average, compared 168 points in the fourth quarter of 2014. This reflects the improvement of optimism among levels among consumers about the future economic performance of the Emirate with the beginnings of 2015 compared to late last year, reflecting the demise of many concerns of consumers about the implications of unfavourable developments in the global economy on the Emirate of Abu Dhabi.
According to the nationality, the results of the general index of consumer confidence showed high levels of optimism among individual consumers of all nationalities during the first quarter of 2015 compared to the fourth quarter of 2014, while citizen consumers showed higher levels of optimism compared to other nationalities, as the general index of citizens recorded (153) points, on average, during the first quarter of 2015, increasing by 10 points compared to the fourth quarter of the previous year, while the general index of non-citizens, recorded 133 points on average, in the first quarter of 2015 compared to 129 points during the last quarter of 2014.
At the level of the employment status of the consumer, the trends of the general index of consumer confidence during the first quarter of 2015, reflected an improvement in the levels of optimism among working and non-working consumers, however working consumers were more optimistic with a general index of 141 points on average, during the first quarter of 2015, compared to 134 points in the last quarter of 2014.
On the other hand, the index of non-working consumers reached 133 points during the first quarter of 2015 and 131 points during the last quarter of 2014, reflecting an improvement of the confidence and optimism levels among consumers about the ability of the Emirate's economy to sustain the current job opportunities and income and create more opportunities in the future.
The trends of the general index of consumer confidence reflected high levels of optimism among consumers working in all sectors during the first quarter of 2015. The level of optimism improved among workers in both public and private sectors during the first quarter of 2015 compared to the last quarter of 2014, as the index increased to 147 for consumers working in public sector and 141 for consumers working in private sector, and remained stable (139) for consumers working in joint sector, reflecting the positive assessment of the consumers for their current situation and their optimism about the future.
The results of the general index showed continued optimism among individual consumers about their financial conditions as well as their confidence in the government's economic policies during the first quarter of 2015, as the financial situation index for individuals recorded 118 points during the first quarter of 2015 and the index of confidence in policies recorded 127 points during the same quarter.
The trends of sub-indexes which have had an impact on the performance of the general index which declined by 4.8% during the first quarter of 2015 compared to the same quarter of 2014, showed the impact of developments in the global economy and fluctuations in oil prices since the second half of 2014 and its impact on the consumer sentiment and his assessment of the current situation of economy in addition to his level of optimism about the future.
According to the age group, the general index of consumer confidence in the Emirate of Abu Dhabi showed improved levels of optimism among consumers of all age groups in the first quarter of 2015 compared to the fourth quarter of 2014. Younger consumers were more optimistic with an index of 141 points, on average, for consumers between 18 and 29 years of age, while the index for consumers between 30 and 50 of age reached 137 points and for consumers above 50 of age reached 135 points.
Optimism levels have also improved among consumers in various educational levels during the first quarter of 2015 compared to the fourth quarter of 2014. The level of optimism was highest for consumers with secondary education, followed by holders of university degrees and above, then consumers with least levels of education (illiterate / and low level education consumers).
The general index reached, on average, about 143 points, 138 points, and 134 points for the three groups, respectively, in the first quarter of 2014. – Emirates News Agency, WAM - http://www.wam.ae/en/news/economics/1395283899850.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Emirates Consumer Price Index increased by 0.31% in June 2015 compared to May 2015


posted on 20/07/2015

The overall Consumer Price Index (CPI) reached 125.66 in June 2015, and in comparison with the base year (2007 =100); it increased by 0.31% compared to its value at the end of May 2015, while it increased by 4.22% compared to its value at the end of June 2014, according to the report issued by National Bureau of Statistics (NBS) for month of June.
It added that the findings of the CPI for June 2015 at the national level indicate increment in the following major expenditure groups: Housing, + 0.81%, food and soft drinks, + 0.75%, recreation and culture, + 0.20%, and miscellaneous goods and services + 0.02%.
The NBS report noted, at the same time, there was decreased in other major expenditure group prices: Textiles, clothing and footwear by 1.17 %, furniture and household goods 0.63%, transportation 0.15 %, restaurants and hotels 0.03% and medical care by 0.02%. – Emirates News Agency, WAM - http://www.wam.ae/en/news/economics/1395283474134.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Abu Dhabi consumer prices up 1.2% in the second quarter


posted on 13/07/2015

Average consumer prices went up 1.2 per cent in the second quarter of 2015 compared with the first quarter, with the "Restaurants and Hotels” category contributing for the greatest increase of three per cent, according to the Statistics Centre — Abu Dhabi (Scad).
In a statement issued on Sunday, Scad said that average consumer prices rose 1.1 per cent in June 2015 alone compared to May 2015.
The figure is relatively high compared to April 2015 when consumer prices edged up 0.2 per cent compared to March 2015, with the Restaurants and Hotels category also accounting for the highest prices increases then (up 2.8 per cent).
The "Housing, water, electricity, gas, and other fuels” category recorded a two per cent increase during June, accounting for the largest rise, followed by "Food and beverages” with a 1.2 per cent gain.
The 1.1 per cent increase in June 2015 resulted from the rise of prices in Abu Dhabi, Al Ain, and the Western Region, with the former contributing 73.8 per cent of the total growth. Meanwhile, Al Ain accounted for 19.7 per cent, while the Western Region contributed 6.5 per cent of the increase.
Looking at the Consumer Prices Index (CPI) in June compared to May, it went up 1.2 per cent in Abu Dhabi region, 0.9 per cent in Al Ain, and one per cent in the Western Region.
In terms of household types, Scad said that the growth in June pushed consumer prices up one per cent for citizen households, 1.2 per cent for non-citizen households, and 1.1 per cent for share households.
The rise in prices in June caused an increase of one per cent in consumer prices for households in the bottom and the top welfare quintile, and of 1.2 per cent for households in the middle welfare quintile. – Gulf News - http://gulfnews.com/business/economy/abu-dhabi-consumer-prices-up-1-2-in-the-second-quarter-1.1549171

SUBIR | NOTICIAS MS RECIENTES (WAM)


Dubai inflation hits its highest level in years


posted on 23/06/2015

The overall cost of goods and services in Dubai jumped to its highest level this year, with the annual inflation reaching 4.68 per cent in May.
The latest data released by the Dubai Statistics Centre showed that last month's inflation, driven primarily by housing and utility prices, is the highest since May 2009, when inflation was at 4.67 per cent.
Analysts, however, said the increase is only temporary and most probably driven by Ramadan, when retailers tend to mark up grocery prices.
Inflation is still expected to decline this year, with the rents in some areas in Dubai, as well as property values, already starting to fall. Other contributing factors will be the slowdown in monetary aggregate growth and strengthening of the US dollar.
"After the artificial price increase during Ramadan, inflation is in a declining trend. The downtrend, which is expected to continue in the next few months, can be attributed to the appreciation of the US dollar against other currencies, the decline in oil prices and softening of property sales prices," Alp Eke, director and senior economist at the National Bank of Abu Dhabi (NBAD), told Gulf News on Monday.
According to the latest inflation report, the cost of housing, water, electricity, gas and other fuels, which make up 43.7 per cent of household expenses, registered an increase of 7.8 per cent in May compared to a year earlier, while rising by 0.7 per cent from April 2015.
The steepest annual increase, however, is in the cost of clothing and footwear, at 8.67 per cent, although this expenditure group constitutes only 5.52 per cent of household expenses.
The cost of food and beverages, which make up 11 per cent of the expenditure, rose by 1.67 per cent, while transportation, which constitutes 9 per cent of the expenses, increased by 1.21 per cent.
Dubai's month-on-month inflation registered a marginal increase, at 0.49 per cent from 4.19 per cent in April.
The National Statistics Centre also announced that the annual inflation for the emirates rose by 4.32 per cent last Month, driven primarily by housing, which registered a 9.38 per cent inflation.
Eke said that the main driver of Dubai's latest domestic inflation is housing, but with lower oil prices, foreign-origin inflation is likely to fall.
"If you look at [the data], you will see that the imported components are declining and only the domestic component, which is rent, is left. Rent is by far the main driver, but we can see that rent is also declining. Rents have been slowing down in recent months," he said. - Gulf News -http://gulfnews.com/business/economy/dubai-inflation-hits-its-highest-level-in-years-1.1538725

SUBIR | NOTICIAS MS RECIENTES (WAM)


Consumer Price Index up 0.27pc in May


posted on 21/06/2015

The Emirates Consumer Price Index went up by 0.27 percent in May, compared to the end of April 2015. The CPI rose to 4.32 percent, when compared to the end of May 2014.
The CPI hit 125.27 points in May 2015 when compared with the base year (2007=100), up from 124,94 in April, according to the latest report by the National Bureau of Statistics.
The findings of the CPI report for May 2015 at the national level show increases in the following major expenditure groups: -Food and Soft Drinks + 1.42% -Restaurants and Hotels + 0.48% -Housing + 0.22% -Miscellaneous Goods and Services + 0.16% -Transportation + 11% -Furniture and household goods + 11% At the same time, there were decreases in other major expenditure groups: -Textiles, Clothing and Footwear - 1.26% -Recreation and Culture -0.17% -Communications - 0.01%. – Emirates News Agency, WAM – http://www.wam.ae/en/news/emirates/1395282133506.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Consumer price index remains high


posted on 12/04/2015

Although the prices of essential commodities in the UAE have gone down due to a drop in oil prices worldwide, there has been a definite spike in the consumer price index (CPI) due to the escalation in housing and utilities, Dubai-based economist Cedwyn Fernandes points out.
Professor Fernandes, an economist and Acting Director at Middlesex University Dubai, said that while there was only a modest increase in the overall inflation rate of 2.21 per cent from December 2014 to February 2015 in Dubai, the rise in the Consumer Price Index (CPI) was still quite high.
"This is because housing and utilities have increased by 5.46 per cent in just three months and a total increase of 7.17 per cent since February 2014. This has had a significant impact on the consumer, as housing and utilities have a weight of 43.70 in the CPI,” he said.
Listing several causes for the rise in inflation in the UAE, he attempted to analyse how a rise in housing and utilities impacts the overall CPI. The UAE imports most of its consumer goods including food, and the world prices of these goods have a direct impact on inflation.
"The Food and Agriculture Organisation (FAO) Index and oil prices are a good indicator of the direction of world prices. The overall inflation rate over the past three months has been a modest 2.21 per cent in the UAE as food prices have declined by 1.47 per cent,” he said.
This was mainly due to the decline in world food prices as indicated by the FAO Index, falling 3.4 per cent in the past three months and a whopping decline of 14 per cent since February 2014, he added.
"Oil prices have fallen by more than 50 per cent since summer of 2014. The decline in commodity prices has had a positive impact on inflation.”
However, housing and utilities bills are not controlled by falling oil prices and a rise in these continues to impact the overall CPI.
Fernandes said that other factors that play a significant role in the causes of inflation are linked to domestic factors in the form of non-tradable goods.
"If the domestic price of any tradable good increases due to a short-term shortage, the good can be quickly imported as UAE is an open economy. If a good is selling significantly more domestically than its international price, imports will go up and domestic prices will be in line with international prices,” he said.
However, for non-tradable goods like housing, it is not possible and, until the domestic supply of housing units catches up with demand, prices as reflected by rentals will keep increasing.
Fernandes predicts that this time around, as compared to 2006 and 2007, the prognosis for inflation in the UAE is good.
He said that the strength of the US dollar and fall in world commodities and oil prices have had a dampening effect on inflation. – Gulf News - http://gulfnews.com/news/uae/society/consumer-price-index-remains-high-1.1490086

SUBIR | NOTICIAS MS RECIENTES (WAM)


Emirates Consumer Price Index up 3.67% in January 2015 compared to January 2014


posted on 23/02/2015

The overall Consumer Price Index (CPI) reached 123.49 in January 2015, and with comparison with the base year (2007 =100); it increased by 0.69% compared to its value at the end of December 2014, while it increased by 3.67% compared to its value at the end of January 2014, according to the monthly report released by the National Bureau of Statistics (NBS).
The report said findings of the CPI for January 2015 at the national level indicated increased in the following major expenditure groups: Housing (+ 2.48%), Miscellaneous goods and services (+ 1.14%), Furniture and household goods (+ 0.76 %), Restaurants and hotels (+ 0.13%), and Recreation and culture (+ 0.04%).
At the same time, there where decreased in other major expenditure group: Food and soft drinks (-1.68%), Textiles, clothing and footwear (- 0.45%), Medical Care (- 0.32%), Transportation (- 0.25%) and Communications (- 0.03%).
At the Emirate level, the CPI fluctuated considerably in the various emirates as shown below: Abu Dhabi (+ 0.92%), Dubai (+ 0.79%), Sharjah (- 0.08 %), Ajman (- 0.07%), Umm Al Qaiwain (+ 0.17%), Ras Al Khaimah (+ 0.51%) and Fujairah (- 0.10%). – Emirates News Agency, WAM –
http://www.wam.ae/en/news/economics/1395276920377.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Weakening Euro offers UAE consumers a price advantage


posted on 08/02/2015

DUBAI, 8th February, 2015 (WAM)--The weakening euro is leading to a rather positive outcome for consumers in the UAE as the prices of European food and beverage imports are expected to climb down in the coming months, a United Arab Emirates newspaper has said.
The 16 per cent drop of the euro against the dollar over the last year and the 4.3 per cent drop over the last month means that many of the commodities on the food shelves should become cheaper in time to come," the English language daily Gulf News said in a commentary yesterday.
Supermarket chains in the UAE have said that they expect about a 10 per cent reduction in prices for consumers despite the fact that overhead costs would remain the same.
"This is as it should be because the benefits of any such economic activity in the market, especially when in favour of consumers, must deliver concrete results for the latter and not just remain advantageous to retailers and wholesalers," the paper noted.
Happily for consumers, it continued, a weakening currency leads to competitiveness in the market and offers a wider choice for price points, thus disadvantaging retailers who insist on maintaining high prices despite the savings they stand to make. http://www.wam.ae/en/news/emirates-international/1395276146052.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Dubai inflation increases to 3.4% in 2014 on rising rents


posted on 17/01/2015

Dubai inflation increased to 3.37 per cent in 2014 compared to 1.31 per cent in 2013 mainly because of rising rents, food prices and education cost, according to the latest data released by Dubai Statistics Centre.
In addition to the full year data, the Centre also released December data that showed inflation remained flat at 4.2 per cent year on year. Housing and utility cost, which accounts for almost 44 per cent of consumer expenses, surged 7.7 per cent from a year earlier and 0.8 per cent from the previous month.
Last year, food and beverages group prices increased to 2.68 per cent compared to 2.55 per cent in 2013. The group accounts for more than 11 per cent of the total expense of consumers. The group recorded highest increase in the prices of fish and seafood by 15 per cent, followed by an increase in the prices of meat by 3.37 per cent, then an increase by 2.21 per cent in the prices of Food products.
The government has announced that the prices of 500 staple food products would be frozen in 2015. Food prices dropped by 1.8 per cent last month compared to December 2013.
Housing group recorded the highest increase of 5.63 per cent in 2014 compared to 1.22 per cent in 2013. The Consumer Price Index (CPI) heavyweight's inflation fuelled by around eight per cent jump in gas prices, followed by more than six per cent increase in rents.
Rising rents drive domestic inflation in the emirate, according to an industry analyst. The trend is likely to continue in the next few months as population growth is creating demand for housing, the analyst added.
Furnishings, household equipment and routine household maintenance group inflation rate reached 3.65 per cent, due to an increase in the prices of small electric household appliances by 8.51 per cent, followed by prices of domestic services and household services by 8.23 per cent, then an increase in the prices of glassware, tableware and household utensils by 0.67 per cent.
Health group inflation rate amounted to 2.48 per cent, due to the raise in the prices of dental services by 9.8 per cent, followed by hospital services fees by 7.24 per cent, then an increase in the prices of therapeutic appliances and equipment by 3.57 per cent. – Khaleej Times - http://www.khaleejtimes.com/biz/inside.asp?xfile=/data/uaebusiness/2015/January/uaebusiness_January121.xml§ion=uaebusiness

SUBIR | NOTICIAS MS RECIENTES (WAM)


Abu Dhabi October inflation at 4%, highest since November 2010


posted on 17/11/2014

The Abu Dhabi Statistics Centre (Scad) released the following October consumer price data for the capital on Sunday.
The inflation rate in the capital's consumer prices for the first ten months of 2014 was 3.1 per cent, compared with the same period of 2013, as shown by the increase in the CPI (consumer price index) to 128.1 points during the first ten months of 2014, up from 124.2 points during the same period of 2013.
Housing and utility costs, which account for almost 38 per cent of consumer expenses, jumped 5.4 per cent year-on-year in October. And prices of food and non-alcoholic beverages, which account for 16 per cent of the basket, increased 4 per cent on an annual basis. – Gulf News- http://gulfnews.com/business/economy/abu-dhabi-october-inflation-at-4-highest-since-november-2010-1.1413405

SUBIR | NOTICIAS MS RECIENTES (WAM)


Emirates Consumer Price Index increased by 0.93 percent in September 2014


posted on 22/10/2014

The overall Consumer Price Index (CPI) increased by 0.93 percent in September 2014 compared to August 2014 on the rise of major consumer groups, according to data released by the National Bureau of Statistics (NBS) on Tuesday.
'The CPI rose to 122.33 in September 2014 from 121.20 in August, up 2.91 percent year-on year on the base year (2007 =100),' the NBS said in its monthly CPI report for September.
The report noted that Education was the major contributor to the CPI rise in September, increasing 3.84 percent.
The findings of the CPI for September 2014 at the national level indicated increases in the major expenditure groups: Food and Soft Drinks 0.92 percent, Beverages and Tobacco 0.02, Textiles, Clothing and Footwear 0.95, Housing, Water, Electricity and Gas 1.51, Culture and Recreation 0.02 percent, Education The report noted that other groups whose CPI saw down trend included; Furniture and Household Goods at 0.01 percent, Health 0.06 percent, Transport 0.09 percent, and Communications 0.01 percent.
At the Emirate level, the CPI surged 0.97 percent in Abu Dhabi, 0.76 in Dubai, 0.55 in Sharjah, 0.66 in Ajman, 0.23 in Ras Al Khaimah, 0.15 in Fujairah and 0.47 in Umm Al Qaiwain. – Emirates News Agency, WAM

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SCAD: Abu Dhabi's inflation rate at 2.9% in eight months


posted on 15/09/2014

The inflation rate in consumer prices for the first eight months of 2014 was 2.9%, compared with the same period of 2013, as shown by the increase in the CPI to 127.4 points during the first eight months of 2014, up from 123.8 points during the same period of 2013, according to data released by Statistics Centre - Abu Dhabi (SCAD) yesterday.
The CPI increased by 3.5% in August 2014, compared with the same period of 2013, as shown by the increase in the CPI from 125.0 points in August 2013 to 129.3 points in August 2014.
The CPI increased by 0.5% in August 2014 compared with July 2014.
An overall rise of 2.9% in consumer prices during the first eight months of 2014 compared with the same period in 2013, has led to an increase of 2.1% in consumer prices for households of the bottom welfare quintile over the same period of comparison. While the consumer prices grew by 2.9% for households of the middle welfare quintiles and by 3.0% for the top quintile welfare quintiles.
The rise in consumer prices for the first eight months of 2014 compared with the same period in 2013, pushed up consumer prices for citizen households by 3.1%, and by 2.8% for non-citizen households and 2.2% for share households.
Consumer Price Index (CPI) for the First Eight months of 2014 (2007=100) During the first eight months of 2014, the average consumer prices rose by 2.9% compared with the same period of 2013, with the CPI for the first eight months of 2014 at 127.4 points, compared with 123.8 points for the same period of 2013. This rise in prices reflects the net change in the consumer basket prices (resulting from upward and downward movement) during the periods compared.
The 'Housing, water, electricity, gas and other fuels' group accounted for the largest rise in the index during the first eight months of 2014 compared with the same period of 2013, contributing 39.8% to the change. This contribution resulted from an increase of 3.1% in the prices of this group.
The second highest contributor to the overall increase in the CPI over the first eight months of 2014 was the 'Furnishings, household equipment and routine household maintenance' contributed 16.2% to the overall increase in the CPI during the first eight months of 2014 compared with the same period of 2013.
The 'Food and beverages' group, which accounted for 14.3% of the overall increase prices of this group increased by 2.3% compared with the same period of 2013.
The prices of 'Restaurants and hotels' rose by 5.1% during the first eight months of 2014 compared with the same period of 2013. This group contributed 7.8% of the total increase achieved by all groups.

Comparing the CPI of August 2014 with the CPI of August 2013:
The average consumer prices increased by 3.5% in August 2014 compared with August 2013, with the CPI at 129.3 points in August 2014, up from 125.0 points in August 2013. This increase in prices was 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 August 2014 compared with August 2013, were 'Furnishings, household equipment and routine household maintenance' with 13.0%, and followed by 'Miscellaneous goods and services' with 5.2%, 'Alcoholic beverages and tobacco' with 6.4%, 'Housing, water, electricity, gas and other fuels' with 4.4%, and 'Restaurants and hotels' with 4.2%.

Comparing the CPI of August 2014 with the CPI of July 2014: The average consumer prices increased by 0.5% in August 2014 compared with July 2014. This overall increase in prices between the two months reflects the net movement (increases and decreases) of consumer prices during the periods compared.
Comparing the average CPI by household welfare level for the first eight months of 2014 with the same period of 2013 The rise of 2.9% in consumer prices during the first eight months of 2014 compared with the same period in 2013, resulted in an increase of 2.1% in consumer prices for households of the bottom welfare quintile for the same period of comparison. The corresponding rise for other welfare levels was 2.9% for households of the middle quintiles and 3.0% for households of the top welfare quintile.

Comparing the average CPI by household welfare level for the month of August 2014 with August 2013:
The 3.5% rise in consumer prices in August 2014 compared with August 2013 caused increase in consumer prices for households in the bottom welfare quintile of 2.4%. The corresponding rise for other welfare levels was 3.5% for households of the middle quintiles and 3.7% for households of the top welfare quintile.

Comparing the average CPI by household welfare level for the month of August 2014 with July 2014:
In August 2014, consumer prices increased by 0.5% compared with July 2014. This caused an increase of 0.7% in consumer prices for households in the bottom welfare quintile, and middle welfare quintile by 0.6% and by 0.3% in the top welfare quintile.

Comparing the average CPI by household type for the first eight months of 2014 with the same period of 2013:
The 2.9% rise in consumer prices for the first eight months of 2014 compared with the same period of 2013, pushed up consumer prices for citizens by 3.1% and non-citizen households by 2.8%, and share households by 2.2%.

Comparing the average CPI by household type for the month of August 2014 with August 2013:
The 3.5% rise in consumer prices for August of 2014 compared with the same period of 2013, pushed up consumer prices for citizen households by 3.9%, non-citizen households by 3.2% and share households by 2.4%.

Comparing the average CPI by household type for the month of August 2014 with July 2014:
The 0.5% increase in consumer prices for August 2014 compared with July 2014, increased the consumer prices for citizen by 0.5%, and non-citizen by 0.4%, and share households by 0.6%.

CPI by Region: The rise of 2.9% in consumer prices for the first eight months 2014 compared with the same period in 2013, resulted from the rise of consumer prices in the regions of Abu Dhabi, Al Ain and Al Gharbia.
The increase in the CPI in the Abu Dhabi region contributed 69% of the total increase during the first eight months while the Al-Ain region contributed 24% and the Al Gharbia region 7% of the total increase during the period.
The inflation rate in the Abu Dhabi region increased by 3.5% in August 2014, compared with the same month in 2013.
The CPI increased by 0.5% in August 2014, compared with July 2014. The major groups that increased in August 2014 compared with July 2013 were 'Food and beverages' by 3.0%, and 'Recreation and culture' by 2.1%.

Consumer Price Index - Al Ain Region: The inflation rate in the Al Ain region increased by 3.4% in August 2014, compared with the same month in 2013.
The CPI increased by 0.3% in August 2014, compared with July 2014.The major group that increased in August 2014 compared with July 2014 was 'Food and beverages' by 1.2%.
Consumer Price Index - Al Gharbia Region: The inflation rate in the Al Gharbia region increased by 3.0% in August 2014, compared with the same month in 2013.

The CPI increased by 0.7% in August 2014, compared with July 2014, major group that increased in August 2014 compared with July 2014 was 'Food and beverages' by 3.1%. – Emirates News Agency, WAM -http://www.wam.ae/en/news/economics/1395269603013.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


CPI up 0.09 in July


posted on 19/08/2014

The overall Consumer Price Index (CPI) increased by 0.09% during the month of July 2014 compared to June 2014 and the CPI rose to 120.68 in July 2014 from 120.58 in June, and with comparison with the base year (2007 =100); it increased by 2.33% compared to July 2013, data released by National Bureau of Statistics (NBS) showed.
The findings of the CPI for July 2014 at the national level indicated increases in the following major expenditure groups: Food and Soft Drinks 0.55%, Beverages and Tobacco 0.90%, Housing, Electricity, Water and Gas 0.37% Furniture and Household Goods 0.03%, Health 0.52%, and Transport 0.25%.
CPI of groups of Textiles, Clothing and Footwear, Communication and Education remained unchanged.
Groups whose CPI decreased included Recreation and Culture 0.01%, Restaurants and Hotels 0.02%, and Miscellaneous Goods and Services 0.24%.
At the Emirate level, the CPI fluctuated considerably in the various emirates as shown below: - Abu Dhabi - 0.05 % - Dubai + 0.46 % - Sharjah - 0.04 % - Ajman + 0.18 % - Umm Al-Qaiwain + 0.10 % - Ras Al-Khaimah + 0.23 % - Fujairah - 0.13 %. – Emirates News Agency, WAM – http://www.wam.ae/en/news/economics/1395268712632.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Abu Dhabi's inflation rate in consumer prices rose to 2.8% in the first seven months: SCAD


posted on 18/08/2014

The inflation rate in consumer prices for the first seven months of 2014 was 2.8%, compared with the same period of 2013, as shown by the increase in the CPI to 127.1 points during the first seven months of 2014, up from 123.7 points during the same period of 2013, according to Statistics Centre - Abu Dhabi (SCAD).
The CPI increased by 3.2% in July 2014, compared with the same period of 2013, as shown by the increase in the CPI from 124.7 points in July 2013 to 128.7 points in July 2014, SCAD said in its monthly report for July.
The CPI decreased by 0.1% in July 2014 compared with June 2014.
An overall rise of 2.8% in consumer prices during the first seven months of 2014 compared with the same period in 2013, has led to an increase of 2.1% in consumer prices for households of the bottom welfare quintile over the same period of comparison. While the consumer prices grew by 2.8% for households of the middle welfare quintiles and by 2.9% for the top quintile welfare quintiles.
The rise in consumer prices for the first seven months of 2014 compared with the same period in 2013, pushed up consumer prices for citizen households by 3.0%, and by 2.7% for non-citizen households and 2.2% for share households.
Consumer Price Index (CPI) for the First Seven months of 2014 (2007=100) Percentage changes in the CPI During the first seven months of 2014, the average consumer prices rose by 2.8% compared with the same period of 2013, with the CPI for the first seven months of 2014 at 127.1 points, compared with 123.7 points for the same period of 2013. This rise in prices reflects the net change in the consumer basket prices (resulting from upward and downward movement) during the periods compared.
The 'Housing, water, electricity, gas and other fuels' group accounted for the largest rise in the index during the first seven months of 2014 compared with the same period of 2013, contributing 38.4% to the change. This contribution resulted from an increase of 2.9% in the prices of this group.
The second highest contributor to the overall increase in the CPI over the first seven months of 2014 was the 'Furnishings, household equipment and routine household maintenance' contributed 15.9% to the overall increase in the CPI during the first seven months of 2014 compared with the same period of 2013.
The 'Food and beverages' group, which accounted for 14.7 of the overall increase prices of this group increased by 2.3% compared with the same period of 2013.
The prices of 'Restaurants and hotels' rose by 5.5% during the first seven months of 2014 compared with the same period of 2013. This group contributed 8.4% of the total increase achieved by all groups.
CPI of July 2014 Comparing the CPI of July 2014 with the CPI of July 2013 The average consumer prices increased by 3.2% in July 2014 compared with July 2013, with the CPI at 128.7 points in July 2014, up from 124.7 points in July 2013. This increase in prices was 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 July 2014 compared with July 2013, were 'Furnishings, household equipment and routine household maintenance' with 12.9%, and followed by 'Miscellaneous goods and services' with 7.8%, 'Alcoholic beverages and tobacco' with 6.4%, 'Housing, water, electricity, gas and other fuels' with 4.4%, and 'Restaurants and hotels' with 4.2%.
Comparing the CPI of July 2014 with the CPI of June 2014 The average consumer prices decreased by 0.1% in July 2014 compared with June 2014. This overall decrease in prices between the two months reflects the net movement (increases and decreases) of consumer prices during the periods compared.
CPI by household welfare level Comparing the average CPI by household welfare level for the first seven months of 2014 with the same period of 2013 The rise of 2.8% in consumer prices during the first seven months of 2014 compared with the same period in 2013, resulted in an increase of 2.1% in consumer prices for households of the bottom welfare quintile for the same period of comparison. The corresponding rise for other welfare levels was 2.8% for households of the middle quintiles and 2.9% for households of the top welfare quintile.
Comparing the average CPI by household welfare level for the month of July 2014 with July 2013 The 3.2% rise in consumer prices in July 2014 compared with July 2013 caused increase in consumer prices for households in the bottom welfare quintile of 2.1% and by 3.5% in the top welfare quintile, while prices increased by 3.2% for households in the middle quintile.
Comparing the average CPI by household welfare level for the month of July 2014 with June 2014 In July 2014, consumer prices decreased by 0.1% compared with June 2014. This caused a decrease of 0.1% in consumer prices for households in the top welfare quintile.
CPI by household type Comparing the average CPI by household type for the first seven months of 2014 with the same period of 2013 The 2.8% rise in consumer prices for the first seven months of 2014 compared with the same period of 2013, pushed up consumer prices for citizens by 3.0% and non-citizen households by 2.7%, and share households by 2.2%.
Comparing the average CPI by household type for the month of July 2014 with July 2013 The 3.2% rise in consumer prices for July of 2014 compared with the same period of 2013, pushed up consumer prices for citizen households by 3.5%, non-citizen households by 3.1% and share households by 2.2%.
Comparing the average CPI by household type for the month of July 2014 with June 2014 The 0.1% decrease in consumer prices for July 2014 compared with June 2014, decreased the consumer prices for citizen and non-citizen households by 0.1%.
CPI by Region The rise of 2.8% in consumer prices for the first seven months 2014 compared with the same period in 2013, resulted from the rise of consumer prices in the regions of Abu Dhabi, Al Ain and Al Gharbia.
The increase in the CPI in the Abu Dhabi region contributed 69% of the total increase during the first seven months while the Al-Ain region contributed 24% and the Al Gharbia region 7% of the total increase during the period.
Consumer Price Index – Abu Dhabi Region The inflation rate in the Abu Dhabi region increased by 3.3% in July 2014, compared with the same month in 2013.
The major groups that increased in July 2014 compared with July 2013 were 'Furnishings, household equipment and routine household maintenance' by 13.1%, and 'Alcoholic beverages and tobacco' by 7.6%.
The CPI decreased by 0.1% in July 2014, compared with June 2014.
Consumer Price Index - Al Ain Region The inflation rate in the Al Ain region increased by 3.4% in July 2014, compared with the same month in 2013.
The CPI increased by 0.5% in July 2014, compared with June 2014.The major group that increased in July 2014 compared with June 2014 was 'Food and beverages' by 2.0%.
Consumer Price Index - Al Gharbia Region The inflation rate in the Al Gharbia region increased by 2.6% in July 2014, compared with the same month in 2013.
The CPI decreased by 0.2% in July 2014, compared with June 2014. – Emirates News Agency, WAM –
http://www.wam.ae/en/news/economics/1395268682875.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Dubai's inflation up 0.46% in July: DSC


posted on 13/08/2014

Dubai's inflation rate rose 0.46% year-on-year in July 2014 on the increase of prices of major consumer groups, according to new figures released by Dubai Statistic Centre (DSC) on Tuesday.
The DSC data showed that the increase in Dubai's inflation in July was driven by the rise in the prices of the groups of Alcoholic beverages and tobacco at 5.32%, housing, water, electricity, gas and fuel (1.15%), communications (0.85%), miscellaneous goods and services (0.46%), transport (0.20%), and Furniture and household goods and repair (0.16%).
The monthly Consumer Price Index (CPI) noted a decrease in the groups of food and soft drinks at (0.57%), recreational and cultural goods and services (0.10%), and restaurants and hotels (0.50%), while CPI of the other groups remained unchanged as compared to June and July. – Emirates News Agency, WAM –
http://www.wam.ae/en/news/economics/1395268569703.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Consumer Price Index increased by 1.91% in H1:National Bureau of Statistics


posted on 21/07/2014

The Overall Consumer Price Index (CPI) for the U.A.E reached 119.75 in the first half of 2014, and compared with its 2007 base year (2007=100), the average increase of prices amount to 1.91 % compared with the same period of 2013, according to National Bureau of Statistics (NBS).
The average CPI rose to 119.75 in the first half of 2014 compared to 117.51 in the same half 2013.
The report noted that the CPI uptrend was driven by increases in prices of major groups in consumer basket in the U.A.E. except the health services.
The findings of average consumer price for the January-June of 2014 indicated increases in the following major expenditure groups: education 4.47%, furniture and household goods 3.73 %, housing, water, electricity and gas 2.32%, food and non-alcoholic drinks 2.16%, alcoholic beverages and tobacco 1.66%, restaurants and hotels 1.16%, miscellaneous goods and services 1.39%, transport 1%, recreational and cultural 0.76 %, clothing and footwear 0.58 %, and communications 0.32%.
At the same time, the report added there was a decrease of 0.16% in the health group.
At the Emirate level, the CPI increased as shown below: - Abu Dhabi +1.42 % - Dubai + 0.47 % - Sharjah +0.29 % - Ajman +0.61 % - Umm Al-Qaiwain +0.32 % - Ras Al-Khaimah +0.40 % - Fujairah +0.86 %. – Emirates News Agency, WAM – Read more:
http://www.wam.ae/en/news/economics/1395267952352.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


Dubai's Consumer Price Index rises by 2.74% in H1 of 2014: says DSC


posted on 17/07/2014

Consumer Price Index (CPI) in Dubai rose 2.74% year-on-year in the first six months of the year due to rising food prices, Dubai Statistics Centre (DSC) said on Wednesday.
In the first half of the year, the report said CPI uptrend was driven by the increase in the prices of major groups: housing, water, electricity, gas and fuels at 4.58%, education 4.43%, food and non-alcoholic drinks 3.36%, furniture and household goods 2.53%, alcoholic beverages and tobacco 2.35%, restaurants and hotels 2.19%, health 2.16%, miscellaneous goods and services 1.76%, transport 0.79%, communications 0.70%, and culture and recreation 0.11%.
The report noted that ready-made clothing and footwear fell by 2.89%. – Emirates News Agency, WAM – Read more:
http://www.wam.ae/en/news/economics/1395267823331.html

SUBIR | NOTICIAS MS RECIENTES (WAM)


U.A.E. Consumer Price Index rises by 2.05% in May 2014, says NBS


posted on 18/06/2014

The overall Consumer Price Index (CPI) in U.A.E. increased by 2.05% in May 2014 compared to figures of May the previous year, by 0.20% up from its value at the end of April 2014, and by 1.84% during the first five months of 2014, compared to the same period of 2013, showed a new report released yesterday by National Bureau of Statistics (NBS).
NBS, in its report yesterday, attributed the 2.05% rise in prices during May 2014 to the rise taking place in the prices of all major groups in the consumer basket in U.A.E.
Prices in the housing group increased by 2.62% in May 2014, accounting for 50% of the total rise of CPI, followed by the prices of food and non-alcoholic drinks, which rose by 2.12% contributing 14% to the general index, while prices in the household furnishings and equipment group went up by 4.74% during the same period (9.70% of the CPI rise).
Other groups include education ( 4.56%), transport services (1.05%), restaurants and hotels group (1.19%) while other commodity groups rose between 0.03% - 1%.
The findings of the CPI for May 2014 at the U.A.E. level indicate increases in the following major expenditure groups: - Food and soft drinks +0.86 % - Furniture and household goods +0 .40% - Miscellaneous goods and services +0.13% - Medical care +0.12% - Recreation and culture +0.10% - Transportation +0.10% - Communications +0.04% - Housing +0.04% CPI also showed a decrease by 0.02% in prices in the restaurants and hotels group.
At the Emirate level, the CPI fluctuated considerably in the various emirates as shown below: - Abu Dhabi +0.18% - Dubai +0.18% - Sharjah +0.26% - Ajman +0.01% - Umm Al - Qaiwain +0.28% - Ras Al - Khaimah +0.13% - Fujairah +0.29% – Emirates News Agency, WAM

SUBIR | NOTICIAS MS RECIENTES (WAM)


SCA: inflation rate 2.5 per cent over the first five months of 2014 compared to same period of 2013


posted on 15/06/2014

The inflation rate in consumer prices for the first five months of 2014 was 2.5 per cent, compared with the corresponding period of 2013, as shown by the increase in the CPI to 126.5 points during the first five months of 2014, up from 123.4 points during the same period of 2013, according to the report released by Statistic Centre- Abu Dhabi (SCAD).
The report provides an analysis of the results of the Consumer Price Index (CPI) for the month of May 2014 and the first five months 2014 with the base year 2007. In addition, the report provides the results of the CPI by household welfare levels and by household type.
The CPI increased by 2.8per cent in May 2014, compared with the same period of 2013, as shown by the increase in the CPI from 123.6 points in May 2013 to 127.0 points in May 2014.
An overall rise of 2.5per cent in consumer prices during the first five months of 2014 compared with the same period in 2013, has led to an increase of 1.9per cent in consumer prices for households of the bottom welfare quintile over the same period of comparison. While the consumer prices grew by 2.6per cent for households of the top quintile and middle welfare quintiles.
The rise in consumer prices for the first five months of 2014 compared with the same period in 2013, pushed up consumer prices for citizen households by 2.7per cent, and by 2.4per cent for non-citizen households and 2.0per cent for share households.
The rise in consumer prices the first five months 2014 compared with the same period in 2013, pushed up consumer prices by region for Abu Dhabi region and Al Ain and Al Gharbia region by 2.5per cent.
During the first five months of 2014, the average consumer prices rose by 2.5per cent compared with the same period of 2013, with the CPI for the first five months of 2014 at 126.5 points, compared with 123.4 points for the same period of 2013. This rise in prices reflects the net change in the consumer basket prices (resulting from upward and downward movement) during the periods compared.
The average consumer prices increased by 2.8per cent in May 2014 compared with May 2013, with the CPI at 127.0 points in May 2014, up from 123.6 points in May 2013. This increase in prices was 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 May 2014 compared with May 2013, were "Furnishings, household equipment and routine household maintenance" with 12.6per cent and "Restaurants and hotels" with 6.7per cent, followed by "Miscellaneous goods and services" with 3.9per cent, and "Housing, water, electricity, gas and other fuels" with 2.7per cent. Over the same period, the "Communication" group decreased by 0.3per cent.
The average consumer prices increased by 0.2per cent in May 2014 compared with April 2014. This overall increase in prices between the two months reflects the net movement (increases and decreases) of consumer prices during the periods compared.
The rise of 2.5per cent in consumer prices during the first five months of 2014 compared with the same period in 2013, resulted in an increase of 1.9per cent in consumer prices for households of the bottom welfare quintile for the same period of comparison. The corresponding rise for other welfare levels was 2.6per cent for households of the top and the middle quintiles.
In May 2014, consumer prices increased by 0.2per cent compared with April 2014. This caused an increase of 0.1per cent in consumer prices for households in the bottom welfare quintile and 0.2per cent in the top welfare and the middle quintiles.
The 2.5per cent rise in consumer prices for the first five months of 2014 compared with the same period of 2013, pushed up consumer prices for citizen by 2.7per cent and non-citizen households by 2.4per cent, and share households by 2.0per cent.
The 2.8per cent rise in consumer prices for May of 2014 compared with the same period of 2013, pushed up consumer prices for citizen households by 3.2per cent, non-citizen households by 2.6per cent and share households by 2.0per cent. The 0.2per cent increase in consumer prices for May 2014 compared with April 2014, pushed up the consumer prices for citizen and non-citizen and share households by 0.2per cent.
The rise in consumer prices for the first five months 2014 compared with the same period in 2013 by 2.5per cent, resulted from the rise of consumer prices by region for Abu Dhabi, Al Ain and Al Gharbia regions.
The increase in the CPI in Abu Dhabi Region contributed 68per cent of the total increase achieved during the first five months, Al-Ain Region contributed 25per cent while Al Gharbia region contributed 7per cent of the total increase achieved during the period.
The inflation rate in the Abu Dhabi region increased by 2.8per cent in May 2014, compared with the same month in 2013.
The CPI increased by 0.2per cent in May 2014, compared with April 2014. The major groups that increased in May 2014 compared with April 2014 were "Recreation and culture" by 0.9per cent, and "Food and beverages" by 0.8per cent.
The inflation rate in the Al Ain region increased by 2.6per cent in May 2014, compared with the same month in 2013.
The CPI increased by 0.1per cent in May 2014, compared with April 2014.The major groups that increased in May 2014 compared with April 2014 were " Food and beverages" by 0.4per cent.
The inflation rate in the Al Gharbia region increased by 2.5per cent in May 2014, compared with the same month in 2013.
The CPI increased by 0.3per cent in May 2014, compared with April 2014. The major groups that increased in May 2014 compared with April 2014 were "Food and beverages" by 1.6per cent. – Emirates News Agency, WAM

SUBIR | NOTICIAS MS RECIENTES (WAM)


UAE cost of living will continue to rise... as economy booms


posted on 27/05/2014

Cost of living in the UAE is expected to continue rising in the second half of this year and could reach over 4 per cent year-on-year by the end of 2014 as economy expands and inflow of expatriates continues, pushing up rents and property prices, reports said.
Dubai-based Emirates NBD bank said in a recent note that it expects inflation in the UAE to continue to rise during the course of this year as higher housing costs feed through to the official index and the firms enjoy increased pricing power and are able to pass on their higher productions to the consumers.
It said UAE firms have apparently not passed on full extent of higher production costs to the consumers as prices rose marginally in February and March 2014.
Headline inflation in the UAE remained relatively low at 1.9 per cent in March, up from 1.5 per cent in December 2013, led by rise in rents and property prices.
According to industry report, rents in all the emirates have been rising since last year.
"We retain our average 2014 inflation forecast of 3 per cent – up from 1.1 per cent in 2013, although we note that the year-on-year rate is likely to reach 4-4.5 per cent by December 2014,” Emirates NBD analysts said in the note.
Kuwait-based Global Investment House too said in a recent report that it expects inflation to move up in 2014 as housing prices continue to increase driven by growing domestic demand and rising non-oil commodity prices.
The Dubai Statistics Centre said last week that prices were up 3 per cent in April from a year earlier in the emirate, led by a rise in the cost of housing, which make up the biggest component on the consumer price index.
Last month, gas and housing prices in Dubai climbed 15 and 5.3 per cent, respectively, raising the housing sub-index to 4.9 per cent.
Reports claim that the emirate's economy is projected to grow at the fastest rate since 2007. – Emirates 24│7 – Read more: http://www.emirates247.com/business/uae-cost-of-living-will-continue-to-rise-as-economy-booms-2014-05-26-1.550282

SUBIR | NOTICIAS MS RECIENTES (WAM)


Abu Dhabi's "Expected Inflation" seen hovering around 2.5 percent during Q2


posted on 24/04/2014

In the desire of Statistics Centre - Abu Dhabi (SCAD) to present unconventional indicators as demonstrated by the Centre's recent similar initiatives, e.g. "Personal Inflation Calculator" and "Purchasing Power Calculator", SCAD issued yesterday a new indicator the "Expected Inflation Rates". The report provides an analysis of the results of the CPI for the month of March and the first quarter of 2014, detailed by household welfare levels, by household type and geographical region, with the base year 2007. The report also presents the expected inflation (for the first time) for the second quarter and the first half of 2014.
Butti Al Qubaisi, SCAD's Director General, reiterated the Centre's commitment to adopt innovative ideas in order to maximise the usefulness of its database, adding that knowledge of the expected inflation rate would directly impact people's lives and place them in a better position to deal with the present and future of trends of the economy.
The expected inflation is a highly significant indicator that can give insights into the future for monetary policy makers. In the compilation of the new index, SCAD's experts analysed the historical price data of a long time-series at the level of the main expenditure groups and subgroups of the consumer basket, corrected the data or seasonal changes, and then calculated the expected inflation rate for the second quarter and the first half of 2014 in Abu Dhabi region.
It is worth noting that the expected inflation rates should be treated as statistical forecasts. The actual figures may turn out to be above or below these forecasts, in the event of abrupt unforeseen prices changes.
As the report indicates, consumer inflation for the Q1 2014 was 2.3 percent, compared with the same period of 2013, as shown by the increase in the CPI to 126.3 points during the first quarter of 2014, up from 123.4 points during the same period of 2013. This rise in prices reflects the net change or the outcome of upward and downward movement in the prices of the consumer basket during the periods compared.
Expected inflation Compared with Q1 2014, the CPI is expected rise marginally (by 0.4 percent) to 126.7 points in Q2 2014, expected for the second quarter and the first half of 2014 has been determine, with a corresponding slight increase in consumer inflation from 2.3 percent in Q1 2014 to around 2.5 over Q2 2014.
As for inflation during the period between January - June 2014, the actual CPI results for the period between January- March 2014 and the estimates for the period between April- June 2014 suggest that the average CPI in the first half of 2014 will be around 126.5 points. Accordingly, the estimated annual inflation for the first half of 2014 is expected to be around 2.4 percent.
Consumer Prices during Q1 2014 As SCAD's report reveals, the "Housing, water, electricity, gas and other fuels" group accounted for the largest rise in the index during the first quarter of 2014 compared with the same period of 2013, contributing 31.1 percent of the overall change, due to increases in the prices of most the subgroups of this group.
The second largest contributor to the overall increase in the CPI over the first quarter of 2014 was "Food and beverages", which contributed 22.0 percent of the change, the group's rose by 2.9 percent y-o-y during first quarter of 2014.
The next largest contributor to the overall change in consumer prices during Q1 2014 compared with the same period of 2013 was the "Clothing and footwear" group, which accounted for 12.6 percent of the overall increase occurring between the aforesaid periods.
Another significant increase was observed in the prices of the "Restaurants and hotels" group, which grew by 5.6 percent during the first quarter of 2014 compared with the same period of 2013. This group contributed 10.2 percent of the total increase recorded by all groups between the two periods under review.
Consumer Prices during March 2014/2013 Average consumer prices increased by 2.4 percent in March 2014 compared with March 2013, with the CPI reaching 126.4 points in March 2014, up from 123.5 points in March 2013. This increase in prices reflects the net movement (increases and decreases) in consumer prices between the periods compared.
The most significant increases, during March 2014 compared with March 2013, were observed in the "Housing, water, electricity, gas and other fuels" (up 2.7 percent), the "Restaurants and hotels" group (up 6.7 percent) followed by "Clothing and footwear" (up 3.2 percent), "Miscellaneous goods and services" (up 5.2 percent) and "Furnishings, household equipment and routine household maintenance" (up 3.9 percent).
Consumer Prices during March/February 2014 The average consumer prices increased by 0.1 percent in March 2014 compared with February 2014. This overall increase in prices between the two months reflects the net movement (increases and decreases) of consumer prices during the periods compared.
Consumer prices during Q1 2014 detailed by Household Welfare levels: The rise of 2.3 percent rise in consumer prices during the first quarter of 2014 compared with the same period in 2013, resulted in an increase of 1.8 percent in consumer prices for households of the bottom welfare quintile for the same period of comparison. The corresponding rise for other welfare levels was 2.4 percent for households of the top quintile and the middle quintile.
Consumer prices during March 2014/2013 detailed by Household Welfare levels: The rise in consumer prices in March 2014 by 2.4 percent compared with March 2013 pushed up prices for households in the bottom welfare quintile by 1.2 percent and top welfare quintile by 2.6 percent, while prices increased for households in the middle quintile by 2.3 percent.
Consumer prices during March 2014/2013 detailed by Household Welfare levels: During March 2014, consumer prices increased by 0.1 percent compared with February 2014. This caused an increase of 0.3 percent in consumer prices for households in the top welfare quintile.
Consumer prices during Q1 2014 detailed by Household Type: The 2.3 percent rise in consumer prices for the first quarter of 2014 compared with the same period of 2013, pushed up consumer prices for citizen households by 2.4 percent, for non-citizen households by 2.3 percent and for share households by 2.0 percent.
Consumer prices during March 2014/2013 detailed by Household Type: The 2.4 percent rise in consumer prices for March of 2014 compared with the same period of 2013, pushed up consumer prices for citizen households by 2.5 percent, non-citizen households by 2.4 percent and share households by 1.4 percent.
Consumer prices by Region As SCAD's report reveals, 2.3 percent increase in the CPI in for the first quarter 2014 compared with the same period of 201 3, resulted in an increase of 2.3 percent in the CPI for Abu Dhabi and Al Ain an increase of 2.4 percent for Al Gharbia region. The increase in the CPI in Abu Dhabi Region contributed 67 percent of the total increase achieved during the first quarter, Al-Ain Region contributed 25 per cent while Al Gharbia region contributed 8 percent of the total increase achieved during the period.
Consumer Price Index - Abu Dhabi Region The inflation rate in the Abu Dhabi region was 2.3 percent in the first quarter of 2014, compared with the same period of 2013.
The inflation rate in the Abu Dhabi region increased by 2.5 percent in March 2014, compared with the same month in 2013.
The CPI increased by 0.2 percent in March 2014, compared with February 2014. The major groups that increased in March 2014 compared with February 2014 were "Housing, water, electricity, gas and other fuels" by 1.2 percent, "Miscellaneous goods and services" by 0.4 percent and "Transport" with an increase of 0.5 percent.
Consumer Price Index- Al Ain Region The inflation rate in the Al Ain region was 2.3 percent in the first quarter of 2014, compared with the same period of 2013.
The inflation rate in the Al Ain region increased by 2.4 percent in March 2014, compared with the same month in 2013.
The CPI decreased by 0.1 percent in March 2014, compared with February 2014.The major groups that decreased in March 2014 compared with February 2014 were "Food and beverages" by 2.0 percent.
Consumer Price Index, Al Gharbia Region The inflation rate in the Al Gharbia region was 2.4 percent in the first quarter of 2014, compared with the same period of 2013.

The inflation rate in the Al Gharbia region increased by 2.5 percent in March 2014, compared with the same month in 2013.
The CPI decreased by 0.2 percent in March 2014, compared with February 2014. The major groups that decreased in March 2014 compared with February 2014 were "Food and beverages" group by 2.3 percent. – Emirates News Agency, WAM

SUBIR | NOTICIAS MS RECIENTES (WAM)


Consumer Price Index goes up by 0.22% in March 2014


posted on 17/04/2014

The overall Consumer Price Index (CPI) reached 119.55 in March 2014, and with comparison with the base year (2007 =100); it increased by 0.22% compared to its value at the end of February 2014, while it increased by 1.85% compared to its value at the end of March 2013, according to National Bureau of Statistics (NBS).
The findings of the CPI for March 2014 at the national level indicate Increases in the following major expenditure groups: - Beverages and Tobacco + 0.92% - Furniture and Household Goods + 0 .86% - Housing + 0.56% - Textiles, Clothing and Footwear + 0.27% - Medical Care + 0.22% - Transportation + 0.17% - Recreation and culture + 0.02% - Restaurants and Hotels + 0.01% At the same time, there were Decreases in other major expenditure group: - Food and Soft Drinks -0.39 % At the Emirate level, the CPI fluctuated considerably in the various emirates as shown below: - Abu Dhabi 1 + 0.06% - Dubai + 0.39% - Sharjah + 0.59% - Ajman + 0.28% - Umm Al-Qaiwain + 0.28% - Ras Al-Khaimah + 0.26% -Fujairah + 0.31%. – Emirates News Agency, WAM
SUBIR | NOTICIAS MS RECIENTES (WAM)