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Noticas


THE ECONOMY - CONSUMER PRICE INDEX


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

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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
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Dubai CPI up 0.39% in March


posted on 17/04/2014

Consumer Price Index (CPI) in Dubai gained 0.39% in March in comparison to February driven by an increase in the groups of alcoholic beverages and tobacco by 4.98%, furnishings, household equipment and routine household maintenance 4.61%, food and non-alcoholic beverages 1.21%, health 0.42%, housing, water, electricity, gas and other fuels 0.36%, restaurants and hotels 0.03% and communication 0.01%, according to data released by Dubai Statistics Centre (DSC).
The monthly report said that other groups which witnessed a decrease included miscellaneous goods and services at 0.89%, recreation and culture 0.60%, clothing and footwear 0.10%, and transport 60%, while the group of education remained stable. – Emirates News Agency, WAM

SUBIR | NOTICIAS MS RECIENTES (WAM)


Abu Dhabi general consumer confidence rises by 10 per cent in 2013


posted on 16/04/2014

The Abu Dhabi general consumer confidence in economic performance index in 2013 registered 135 points, up by 10 per cent compared to 2012, as the Individual Financial Conditions sub-index scored 116 points, up by 6.64 per cent compared to 2012, while the Confidence in Government Policies Index finished with 127 points, increasing by 10 per cent compared to 2012.
The Future Expectation sub-index stood at 162 points, up by 14 percent compared to 2012.
This rise was due to the feeling of consumers and respondents that the financial conditions were better for them and their families in 2013 than 2012, indicated by the financial conditions index registering 116 points in 2013, compared to 109.8 points in 2012.
This was highlighted by the results of the Abu Dhabi Confidence in Economic Performance Index, released by the Studies Directorate of the Department of Economic Development for the year 2013. The results pointed out that the UAE ranked first in Middle East and North Africa and fifth globally according to the Nielsen Global Survey of Consumer Confidence and Spending for the fourth quarter of 2013, as the UAE scored 110 points, ahead of Canada, 13th, the United States, 21st and Norway, 22nd.
The general index in 2013 witnessed improvement in all consumer confidence sub-indices in the Emirate of Abu Dhabi. Results revealed that consumers were optimistic about the decisions on price control mechanisms and the effective role which the Department of Consumer Protection played at the local and federal levels, to control fraudulent goods and organise anti-commercial fraud exhibitions.
According to the results of the index, the Department of Economic Development confiscated 139,000 articles of counterfeit goods between January and November 2013, and filed 89 charges against sellers of counterfeit goods for violating Federal Law No. 4 of 1979, Concerning the Suppression of Fraud and Deception in Commercial Transactions.
Confiscated counterfeit items included 37,615 items of cosmetics, skin and hair care products, 2522 electronic, electrical devices and phones, 22 tobacco and food products items, 6396 items of auto parts and accessories, 63,000 items of sanitary ware and building materials and 33 items of gold and gems.
The estimated market value of seized counterfeit goods was over AED34 million.
During 2013, some logical declines in the value of the general index occurred and affected its normal course but by comparing the index performance in 2013 to 2012, it was noticed that consumers were more optimistic in 2013 due to many factors, particularly the rise in future expectations by 14 percent in 2013, as optimism about employment opportunities increased, along with optimism about economic conditions, and positive expectations of individual financial conditions.
The individual financial conditions index climbed during 2013 to register 116 points on average, compared to 109.8 points on average in 2012, and had not seen any drop below neutrality, 100 points, during both 2012 and 2013. During most of 2013, levels of confidence and optimism were high, compared to the levels of optimism shown by individuals and consumers since April 2009.
During December 2013, the individual financial conditions sub index scored 133 points, the highest value of the index in the whole year.
The level of optimism about consumer and individual future financial conditions was high, as the index stood at nearly 180 points in December 2013, compared to 175 points in December 2012.
After high levels of confidence of individuals about the future in 2013 compared to 2012, it was noted that the levels of confidence about the future conditions in general remain high, due to rising confidence among respondents about the economy of the Emirate of Abu Dhabi, as well as their trust in formulated policies and decision makers.
Moreover, Abu Dhabi's position as a safe and secure haven for investments, compared to many other countries, increased a sense of confidence among individuals, as well as the achievements, ambitious plans, and soundness of the economy of the Emirate of Abu Dhabi, which make the emirate largely immune to the economic turmoil experienced by developed countries in particular. This was reflected in the significant improvement in the performance of the Confidence in Government Policies sub-index.
Sub-index. The Confidence in Government Policies index during the current year added 10 more points compared to 2012, scoring approximately 127 points on average in 2013 compared to 117 points on average during 2012, reflecting the perception of respondents of various nationalities of the considerable efforts made by the Government of Abu Dhabi to provide a dignified life for individuals and the efforts of the government to accelerate the pace of economic growth, for the benefit of all citizens and residents.
As for future expectations, the index was higher in 2013 compared to 2012 as it scored 161.6 points on average in 2013 compared to 147.4 points on average in 2012.
The index results reflected high levels of optimism about the future conditions for the economy of the Emirate of Abu Dhabi, where individuals and consumers expected a significant improvement in the pace of overall economic performance in 2013, as well as their expectations about provision of more job opportunities and the improvement of their financial conditions in particular.
The results also showed high levels of optimism among UAE citizens and consumers in 2013 compared to 2012. Optimism was higher among UAE national citizens, 144 points, compared to non-national residents, 132 points, amid higher expectations of UAE nationals for improvement of financial conditions for them and their families during the three months following the survey.
By comparing the latest results to the results of the previous version of the survey, it was found that consumers were more optimistic about the economy, employment, fixed income, and the stock market.
Consumers were also very optimistic about the standard of living.
Latest results indicated that women participating in the survey showed greater optimism than men, with regard to the expectations in the coming months, while consumers over 30 years of age were more optimistic than younger participants.
The MasterCard Consumer Confidence Index has demonstrated that consumer confidence has witnessed steady growth in the UAE. The high levels attained are spurred by the wise leadership's ambitious plans, in addition to promising growth in key sectors such as tourism, logistics, aviation and the high value of assets, instilling confidence and optimism among the people of the UAE – Emirates News Agency, WAM
SUBIR | NOTICIAS MS RECIENTES (WAM)


Consumer confidence rises as improving state of economy boosts personal finance and job prospects


posted on 13/04/2014

Consumers in Dubai see their personal financial situation improving and brighter job prospects on the road ahead as per the latest findings of the quarterly consumer confidence survey conducted by the Department of Economic Development (DED) in Dubai.
Overall Consumer Confidence Index increased by four points during the first quarter of 2014 to reach 143 points, building on a steady upswing seen in recent years. While job security and increasing utility bills remain major concerns 92 per cent of the consumers are optimistic on the job situation and 91 per cent on their personal finance over the next 12 months.
The state of economy in Dubai was also rated as good or excellent by 91 per cent of the survey respondents with increase in rental/property prices and the tourism boom chiefly driving positive perceptions. Consumers who believe that the state of economy will improve in the next 12 months have increased to 95 per cent from 93 percent recorded in the final quarter of 2013.
The growing confidence is further reflected in the decrease in the percentage of people who believe that Dubai economy is under the impact of recession, from 24 per cent in Q4 2013 to 14 per cent in Q1 2014. Meanwhile, the percentage of consumers who believe that the economy will recover in next 12 months increased from 63 to 77 between the two quarters.
Consumer perception on the current job scenario shows an improvement in Q1 2014 as 79 per cent rated job prospects as excellent/good compared to 75 per cent in Q4 2013. The percentage of consumers who see better job prospects in the next 12 months remained consistent at 92 per cent with 37 per cent seeing excellent prospects and 55 per cent rating them ‘good.' Among locals almost 21 per cent rate current job prospects as excellent while 12 per cent of the expatriates have similar sentiments. Locals also have a more positive view on the current state of personal finance compared to expatriates. Consumers who see current state of personal finance as ‘excellent' have increased to 81 per cent during Q1 2014 from 77 per cent in Q4 2013.
Growing confidence in personal finance is also encouraging more consumers to exercise options with their spare cash. Around half of the respondents plan to spend their spare cash into holidays or savings and 38 per cent are likely to make these transactions in the next 12 months.
Nearly two-third of the consumers feel it is good time to buy thing they need or want and the percentage of such consumers increased during 77 in Q1 2014 from 70 in Q4 2013. Majority of the consumers (79 per cent) cover essential living expenses but lack of job opportunities and salary levels falling short of expectations are among the concerns expressed.
A ‘Consumer Confidence Index' provides a single indicator of consumer sentiment towards the current economic situation as well as intentions and expectations for the future and ability to track consumer confidence over a period of time.
The Consumer Confidence Index is based on responses to three questions regarding perceptions of local job prospects, personal finances and whether it is good to buy things that people need and want, all over the next 12 months. Responses vary from Excellent or Good to Not so good or Bad.
Conducted in each quarter, the survey gathers feedbacks from 2,000 respondents, equally divided between the four quarters of the year. The respondents come from all major residential communities across Dubai and cover males and females as well as nationals and expatriates, aged 18 to 59. – Emirates News Agency, WAM
SUBIR | NOTICIAS MS RECIENTES (WAM)


Abu Dhabi's inflation rate in CPI for the first two months of 2014 at 2.3%: SACD


posted on 12/03/2014

Abu Dhabi's Consumer Price Index (CPI) increased by 2.6% in February 2014, compared with the same period of 2013, as shown by the increase in the CPI from 123.2 points in February 2013 to 126.3 points in February 2014,Abu Dhabi Statistics Centre (SCAD) monthly data showed. .
Abu Dhabi's inflation rate in consumer prices for the first two months of 2014 was 2.3%, compared with the same period of 2013, as shown by the increase in the Consumer Price Index (CPI) to 126.2 points during the first two months of 2014, up from 123.3 points during the same period of 2013, the report said.
This report provides an analysis of the results of the CPI for the month of February 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 main findings of this analysis are outlined below: An overall rise of 2.3% in consumer prices during the first two 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 this period of comparison. As for the other welfare levels, consumer prices grew by 2.4% for the middle and 2.2% for the top welfare quintile.
The rise in consumer prices for the first two months of 2014 compared with the same period in 2013, pushed up consumer prices for citizen by 2.4% while the non-citizen and share households increased by 2.3%.
The rise in consumer prices for the first two months 2014 compared with the same period in 2013, pushed up consumer prices by region for Abu Dhabi region by 2.1%, Al Ain region and Al Gharbia by 2.3% "Food and non-alcoholic beverages" group accounted for the largest rise in the index during the first two months 2014 compared with the same period of 2013, contributing 29.7% to the change. The rises in the "Food and non-alcoholic beverages" group came as a result of increases in the prices of most subgroups included in this group. The prices of the "Fish and seafood" subgroups rose by 21.5%, "Vegetables" by 11.4%, "Coffee, tea and cocoa" by 8.4% and "Food products " by 5.6%.
The second highest contributor to the overall increase in the CPI over the first two months of 2014 was the "Housing, water, electricity, gas and other fuels" group with a 25.0% contribution to the rise in consumer prices for the periods compared, while its prices increased by 1.5%.
The "Clothing and footwear" group, contributed for 13.6% of the increase to CPI over the comparison period. This contribution resulted from an increase of 4.0% in the prices of this group The prices of "Restaurants and hotels" rose by 5.1% during the first two months of 2014 compared with the same period of 2013. This group contributed 9.4% of the total increase achieved by all groups.
The "Furnishings, household equipment" group accounted for 8.9% of the overall increase occurring during the first two months of 2014 compared with the same period of 2013. This contribution resulted from an increase of 4.2% in the prices of this groups.
Among the main groups that slowed down the rise in consumer prices during the first two months of 2014 compared with the same period of 2013, was the "Communication" group, which contributed -0.6%.The prices of this group decreased by 0.2%.

CPI of February 2014: Comparing the CPI of February 2014 with the CPI of February 2013 The average consumer prices increased by 2.6% in February 2014 compared with February 2013, with the CPI at 126.3 points in February 2014, up from 123.2 points in February 2013. This increase in prices is due to the net movement (increases and decreases) of consumer prices during these months.
The most significant groups, which experienced increases in prices during February 2014 compared with February 2013, were the groups of "Restaurants and hotels" by 6.6%, "Miscellaneous goods and services" by 4.5% ,"Clothing and footwear" by 4.2%, and "Food and non-alcoholic beverages", "which increased by 4.1%, Meanwhile the prices for the "Communication" group decreased by 0.2% over the period.
The average consumer prices increased by 0.2% in February 2014 compared with January 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 most significant groups, which experienced increases in prices during February 2014 compared with January 2014, were the "Miscellaneous goods and services" which increased by 4.0%.

CPI by household welfare level: Comparing the average CPI by household welfare level for the first two months of 2014 with the same period of 2013 The rise of 2.3% in consumer prices during the first two 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 2.4% for the middle quintile and 2.2% for the top quintile.

Comparing the average CPI by household welfare level for February 2014 with February 2013: The rise in consumer prices in February 2014 by 2.6% compared with February 2013 caused a rise in consumer prices for households in the bottom welfare quintile of 1.9%, while prices increased for households in the middle quintile by 2.7%, and the top welfare quintile by 2.6%.
Comparing the average CPI by household welfare level for February 2014 with January 2014: In February 2014, consumer prices increased by 0.2% compared with January 2014. This caused increases of 0.2% in consumer prices for households in the middle quintile and 0.4% in the top welfare quintile.

CPI by household type: Comparing the average CPI by household type for the first two months of 2014 with the same period of 2013 The 2.3% rise in consumer prices for the first two months of 2014 compared with the same period of 2013, pushed up consumer prices for citizen households by 2.4%, while non-citizen households and share households increased by 2.3%.

Comparing the average CPI by household type for the month of February 2014 with February 2013: The 2.6% rise in consumer prices in February 2014 compared with February 2013 caused a 2.8% rise in consumer prices for citizen and 2.4% for non-citizen households during the same period.

Comparing the average CPI by household type for the month of February 2014 with January 2014: The 0.2% increase in consumer prices in February 2014 compared with January 2014 caused a 0.4% increase in consumer prices for citizen households and 0.1% for non-citizen households during the same period.

CPI by Region: The 0.2% increase in the CPI in February 2014 compared with January 2014 resulted in an increase of 0.2% in the CPI for Abu Dhabi, Al Ain and Al Gharbia region. The increase in the CPI in Abu Dhabi Region contributed 66% of the total increase achieved during the two months, Al-Ain Region contributed 26%.while Al Gharbia region contributed 8% of the total increase achieved during the period.

Consumer Price Index - Abu Dhabi Region: The inflation rate in the Abu Dhabi region was 2.1% in the first two months of 2014, compared with the same period of 2013.
The inflation rate in the Abu Dhabi region increased by 2.5% in February 2014, compared with the same month in 2013.
The CPI increased by 0.2% in February 2014, compared with January 2014. The major groups that increased in February 2014 compared with January 2014 were "Recreation and culture" by 3.8%, "Miscellaneous goods and services" by 3.2% and "Restaurants and hotels" with an increase of 2.7%.

Consumer Price Index- Al Ain Region The inflation rate in the Al Ain region was 2.3% in the first two months of 2014, compared with the same period of 2013.

The inflation rate in the Al Ain region increased by 2.6% in February 2014, compared with the same month in 2013.
The CPI increased by 0.2% in February 2014, compared with January 2014.The major groups that increased in February 2014 compared with January 2014 were ""Restaurants and hotels" by 1.6%, "Food and non-alcoholic beverages" by 0.5%, and "Miscellaneous goods and services" with an increase of 0.4%.

Consumer Price Index, Al Gharbia Region: The inflation rate in the Al Gharbia region was 1.6% in the first two months of 2014, compared with the same period of 2013.
The inflation rate in the Al Gharbia region increased by 2.0% in February 2014, compared with the same month in 2013.
The CPI increased by 0.3% in February 2014, compared with January 2014. The major groups that increased in February 2014 compared with January 2014 were "Miscellaneous goods and services" group by 3.1%, "Food and non-alcoholic beverages" by 0.3%, and the "Furnishings, household equipment and routine household maintenance" with an increase of 0.2%. – Emirates News Agency, WAM

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Abu Dhabi inflation at 2.1 percent in January 2014


posted on 20/02/2014

Statistics Centre - Abu Dhabi issued yesterday its periodic report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for the month of January 2014.
The report analyses the CPI calculations for the periods under review, detailed by household type, welfare level and geographical region, with the year 2007 fixed as the base year.
As SCAD's report reveals, consumer prices increased 2.1 in January 2014, compared with the same period in 2013, as shown by the rise in the CPI from 123.5 points in January 2013 to 126.0 points in January 2014. A month over month comparison, however, shows that the CPI increased 0.1 percent in January 2014 compared with December 2013.
The single largest rise was recorded in the prices of the "Food and non-alcoholic beverages" group, which accounted for 30.7 percent of consumer inflation during the period under review, reflecting increases in the prices of most subgroups within this group: the prices of "Vegetables" increased by 19.6 percent, "Fish and seafood" by 18.7 percent, "Food products n.e.c." by 5.5 percent, "Oils, and fats" by 3.8 percent and "Milk, cheese and eggs" by 2.0 percent.
The second largest contributor to the overall y-o-y increase in the CPI during January 2014 was the "Housing, water, electricity, gas and other fuels" group which accounted for 27.7 percent of the overall increase observed during January 2014 compared with the same period of 2013, the prices of this group increased by 1.5 percent.
The "Clothing and footwear" group accounted for 14.3 percent of the overall increase occurring during January 2014 compared with the same period of 2013. The prices of this group advanced by 3.8 percent.
The "Furnishings, household equipment and routine household maintenance" group, accounted for 4.4% of the increase.
Among the main groups that slowed down the rise in consumer prices during January 2014 compared with January 2013, was the "Recreation and culture" group, which detracted 2.0 percentage points from the overall rise as the group's prices dropped by 1.9 percent.
January 2014/December 2013 SCAD's report reveals a decrease of 0.1 percent in consumer prices in January 2014 compared with December 2013, reflecting the net outcome of the upward and downward changes in the basket prices between the two months compared.
The key rises in consumer prices between January 2014 and December 2013 were observed in the "Furnishings, household equipment and routine household maintenance" (up 0.7 percent) and "Miscellaneous goods and services" (up 0.4 percent).
CPI by household welfare level for January 2014 with January 2013 Detailed by household welfare level, the overall 2.1 percent rise in consumer prices in January 2014 compared with January 2013 implied an increase of 2.3 percent for households in the bottom welfare quintile, 1.9 percent for the top welfare quintile and 2.2 percent for households of the middle quintile.
CPI by household welfare level for January 2014 with December 2013 The overall 0.1 percent rise in consumer prices in January 2014 compared with December 2013 reflected as a proportionate increase of 0.1 percent for the bottom, top and middle household welfare levels.
CPI by household type for January 2014 with January 2013 The 2.1 percent rise in consumer prices in January 2014 compared with January 2013 reflected as an increase of 2.0 percent in consumer prices for citizen households, 2.1 percent for non-citizen households and 2.4 percent for share households.
CPI by household type for January 2014 with December 2013 The overall 0.1 percent increase in consumer prices in January 2014 compared with December 2013 implied a proportionate increase of 0.1 percent in consumer prices for non-citizen and share households.
Abu Dhabi inflation in January 2014 Average consumer prices edged up 0.1 percent in January 2014 compared with December 2013 as the CPI advanced from 126.1 points to 126.0 points over the aforesaid period.
The key price rises in January 2014 were observed in the "Furnishings, household equipment and routine household maintenance" (up 0.8 percent), "Transport" (up 0.1percent) and "Miscellaneous goods and services" (up 0.5percent).
Al Ain inflation in January 2014 Consumer prices increased by a slight 0.2 percent in January 2014 compared with December 2013 as the CPI rose from 126.1 points to 125.8 points over the same period.
Major groups that exhibited price increases in January 2014 were "Furnishings, household equipment and routine household maintenance" (up 6.1 percent) and "Hotel and restaurants" (up 0.6 percent).
Al Gharbia inflation in January 2014 Average consumer prices rose by 0.1 percent in January 2014 compared with December 2013 as the CPI rose from 124.5points to 124.4 points over the period referred to.
Of note was the increase by 0.6 percent in the prices of "Alcoholic beverages and tobacco" during January 2014. – Emirates News Agency, WAM
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Consumer Price Index goes up by 0.13% in January 2014


posted on 20/02/2014

The overall Consumer Price Index (CPI) reached 119.12 in January 2014, and with comparison with the base year (2007 =100); it increased by 0.13% compared to its value at the end of December 2013, while it increased by 1.45% compared to its value at the end of January 2013, National Bureau of Statistics (NBS) data showed.
The findings of the CPI for January 2014 at the national level indicated an increases in the following major expenditure groups: Housing by 0.60%, Furniture and Household Goods by 0.15%, Transportation 0.08%, Medical Care by 0.06% and Communications by 0.02%.
At the same time, the NBS noted the decreases in other major expenditure group: Food and Soft Drinks by 0.51 %, Miscellaneous Goods and Services by 0.30%, Textiles, Clothing and Footwear by 0.17% and Restaurants and Hotels by0.01%.
At the Emirate level, the CPI fluctuated considerably in the various emirates as shown below: Abu Dhabi (+0.07%), Dubai (+ 0.49%), Sharjah (-0.12 %), Ajman (+ 0.18%), Umm Al Qaiwain (+ 0.15%), Ras Al Khaimah (- 0.08%), and Fujairah (-0.18%). – Emirates News Agency, WAM

SUBIR | NOTICIAS MS RECIENTES (WAM)


Dubai's inflation up in January


posted on 19/02/2014

The inflation rate in Dubai rose 0.49 per cent in January compared to December 2013, according to Dubai Statistics Centre (DSC) data on Tuesday.
The increase in Dubai's inflation is a result of a rise in the prices of education (3.99 per cent), housing, water, electricity, gas, and other fuels (3.87 per cent), food and non-alcoholic beverages (3.66 per cent), health (2 per cent), alcoholic beverages and tobacco (1.65 per cent), furnishings, household equipment and routine household maintenance (0.98 per cent), transport (0.78 per cent), recreation and culture (0.56 per cent), miscellaneous goods and services (0.30 per cent) and restaurants and hotels (0.06 per cent).
Meanwhile, the inflation rate fell for the groups of clothing and footwear by 2.80 per cent and communication by 0.07 per cent.
This was driven by an increase in the prices of housing, water, electricity, gas, and other fuels (2.01 per cent), health (1.75 per cent), transport (0.33 per cent), communication (0.16 per cent).
Meanwhile, prices of food and non-alcoholic beverages dropped by 2 per cent, clothing and footwear by 0.39 per cent, miscellaneous goods and services by 0.27 per cent, furnishings, household equipment and routine household maintenance by 0.10 per cent, restaurants and hotels by 0.04 per cent and recreations and culture by 0.01 per cent.
Prices of education, alcoholic beverages and tobacco remained stable, according to DSC data. – Emirates News Agency, WAM

SUBIR | NOTICIAS MS RECIENTES (WAM)


Abu Dhabi Inflation at 1.3 percent for twelve months of 2013


posted on 13/01/2014

Consumer Price Index (CPI) increased 1.3 percent over the twelve months of 2013 compared with the same period in 2012, as shown by the rise in the CPI from 122.9 points in the twelve months of 2012 to 124.5 points over the same period of 2013, according to Statistics Centre - Abu Dhabi (SCAD).
SCAD issued yesterday its periodic report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for the month of December and the fourth quarter of 2013. The report analyses the CPI calculations for the periods under review, with the year 2007 fixed as the base year.

Consumer prices in the twelve months of 2013/2012:
As SCAD's report reveals, consumer prices increased 1.3 percent over the twelve months of 2013 compared with the same period in 2012, as shown by the rise in the CPI from 122.9 points in the twelve months of 2012 to 124.5 points over the same period of 2013.
The "Food and non-alcoholic beverages" group which accounted for the largest rise in the index during the twelve months 2013 compared with the same period of 2012, contributing 25.9% to the change. The rises in the "Food and non-alcoholic beverages" group came as a result of increases in the prices of most subgroups included in this group. The price of "Vegetables" by 9.1%, "Coffee, tea and cocoa" subgroups rose by 6.4%, "Food products n.e.c." subgroups rose by 4.2%, "Fish and seafood" by 3.7% and "Fruit" rose by 2.4% The second highest contributor to the overall increase in the CPI over the twelve months of 2013 was the "Transport" group, accounting for 21% of the increase. This resulted from an increase of 2.8% in the prices of this group.
The prices of "Clothing and footwear" rose by 2.7% during the twelve months of 2013 compared with the same period of 2012. This group contributed 16.8% of the total increase achieved by all groups.
The "Restaurants and hotels" group accounted for 15.6% of the overall increase occurring during the twelve months of 2013 compared with the same period of 2012.
The "Education" group accounted for 3.3% of the overall increase occurring during the first twelve months of 2013 compared with the same period of 2012. This group contributed 9.1% of the total increase achieved by all groups.
Consumer price for the fourth quarter 2013 /2012 The "Food and non-alcoholic beverages" group accounted for 36.5% of the increase in the CPI, with prices for this group increasing by 3.8%.
The "Housing, water, electricity, gas and other fuels" which accounted for 18.1% of the percentage point rise in the index. This was due to increases in the prices of most of the subgroups included in this group, with prices for this group increasing by 0.9%.
The "Clothing and footwear" group accounted for 15.3% of the increase in the CPI, with prices for this group increasing by 3.6%.
The "Transport" group accounted for 10% of the increase in the CPI, with prices for this group increasing by 1.9%.
The CPI for Q4 2013 compared with Q3 2013 increased by 0.5 per cent. The most significant individual increase came from prices for "Housing, water, electricity, gas and other fuels" which increased by 0.6%.

Consumer prices in December 2013/2012:
The average consumer prices increased by 2.2% in December 2013 compared with December 2012, with the CPI at 126.0 points in December 2013, up from 123.3 points in December 2012.
The most significant groups, which experienced increases in prices during December 2013 compared with December 2012, were the "Food and non-alcoholic beverages" with 4.6%, "Restaurants and hotels" group with a 3.7% increase, followed by "Clothing and footwear" with 3.3% and "Housing, water, electricity, gas and other fuels" with 1.5%, and "Transport" with 1.2%.

Consumer prices in December / November 2013:
The average consumer prices increased by 0.1% in December 2013 compared with November 2013. 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 by household welfare level:
Comparing the average CPI by household welfare level for the twelve months of 2013 with the same period of 2012 The rise of 1.3% in consumer prices during the twelve months of 2013 compared with the same period in 2012, resulted in an increase of 1.6% in consumer prices for households of the bottom and top welfare quintile for the same period of comparison. The corresponding rise for other welfare levels was 1.2%.

Comparing the average CPI by household welfare level for December 2013 with December 2012:
The rise in consumer prices in December 2013 by 2.2% compared with December 2012 showed a rise in consumer prices for households in the bottom welfare quintile by 2.6% and top welfare quintile by 2.0%, while prices increased by 2.3% households in the middle quintile.

Comparing the average CPI by household welfare level for December 2013 with November 2013:
In December 2013 consumer prices increased by 0.1% compared with November 2013. This was due to an increase 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 twelve months of 2013 with the same period of 2012 The 1.3% rise in consumer prices for the twelve months of 2013 compared with the same period of 2012, pushed up consumer prices for citizen and non-citizen households by 1.2%, and share households by 1.7%.

Comparing the average CPI by household type for the month of December 2013 with December 2012:
The 2.2% rise in consumer prices in December 2013 compared with December 2012 was due to a 2.2% rise in consumer prices for citizen households, a 2.1% rise for non-citizen households, while prices for share households increased by 2.6%.
Comparing the average CPI by household type for the month of December 2013 with November 2013:
The 0.1% increase in consumer prices in December 2013 compared with November 2013 was due to a 0.1% increase in consumer prices for non-citizen during the same period. - Emirates News Agency, WAM

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UAE purchasing managers’ index dropped to 57.4 in December


posted on 07/01/2014

The UAE's purchasing managers' index (PMI) declined to 57.4 in December, from a record high of 58.1 in November. The index, compiled by HSBC Holdings and Markit Economics, is a composite indicator of UAE's non-oil economy based on data compiled from monthly replies to questionnaires sent to purchasing executives in around 400 private sector companies in the UAE, representing manufacturing, services, construction and retail.
"The HSBC PMI offers clear evidence that the UAE economy not only finished 2013 strongly but is well placed to carry momentum into the new year,” Simon Williams, chief economist at HSBC Middle East, said in an e-mailed statement.

Non-oil producing private sector
The index data showed that activity in the UAE's non-oil producing private sector jumped to a record high as new order intakes expanded. The rate of growth in new export orders increased on the back of improving economic conditions, competitive pricing and good marketing efforts. However, the pace of expansion was the slowest in four survey periods.
New orders increased, marking second-quickest jump in the series history, after November's record high. Survey respondents linked new order growth to good economic conditions, higher construction activity and increased sales team efforts.
Input costs increased further, which sent non-oil private sector companies to increase their selling prices after two months of price reductions. Purchase prices climbed at its fastest pace in more than a year.
"Input prices rose marginally faster in December, and firms passed on some of these costs by raising output prices for the first time in three months. We expect output prices to continue to rise modestly through 2014, as margins have been under pressure for several years,” a statement by Emirates NBD Research said. 

Wages
Wage inflation, meanwhile, was stable compared to November.
Staffing levels rose with the increased activity and new orders. However, employment growth eased compared to the previous month. The gain in employment and quality of purchases suggests that "firms are optimistic that the current strong demand environment will persist,” Williams said.
According to him, backlog of work increased by almost two points to 54. "[It is] the highest level in more than three years and a strong marker that the fast growing UAE economy has exhausted the spare capacity that accumulated after the 2008/2009 slump and is now running up against supply-side capacity constraints,” he said.
Echoing his views is the statement by Emirates NBD Research: "Overall, the PMI data through 2013 has painted a picture of recovering domestic demand and faster growth in the non-oil sectors of the UAE.” – Gulf News
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Consumer Price Index goes up by 0.10% in November 2013


posted on 17/12/2013

The overall Consumer Price Index (CPI) reached 118.89 in November 2013, and with comparison with the base year (2007 =100); it increased by 0.10% compared to its value at the end of October 2013, while it increased by 1.40% compared to its value at the end of November 2012, National Bureau of Statistics (NBS) said yesterday.
The findings of the CPI for November 2013 at the national level indicated increases in the following major expenditure groups: - Furniture and Household Goods +1.02 % - Restaurants and Hotels +0.65 % - Miscellaneous Goods and Services +0.42 % - Food and Soft Drinks +0.15 % - Beverages and Tobacco +0.06 % - Housing +0.01 % At the same time, the NBS noted, there were decreases in other major expenditure group: - Medical Care -0.42% - Transportation -0.14% - Textiles, Clothing and Footwear -0.10% - Recreation and Culture -0.06 % - Communications -0.01% At the Emirate level, the CPI fluctuated considerably in the various emirates as shown below: - Abu Dhabi +0.14% - Dubai + 0.25% - Sharjah -0.13 % - Ajman + 0.27% - Umm Al-Qaiwain + 0.11% - Ras Al-Khaimah - 0.02% - Fujairah -0.15%. – Emirates News Agency, WAM
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Dubai's CPI up 0.25% in November


posted on 13/12/2013

The Consumer Prices Index (CPI) in the Emirate of Dubai rose 0. 25% on average in November compared to the previous month, Dubai Statistics Centre (DSC) said on Thursday.
The rise in CPI was driven by the increase in group prices of the food and non-alcohol drinks by 2.26%, hotels and restaurants by 4%, and housing, water, electricity and gas by 3%, the DSC said in its monthly report on CPI and the inflation rate.
The CPI saw a drop in the groups of transport (55%), miscellaneous commodities and services (18%), communications (6%), furniture and household goods (1%), while prices of other groups remained stable. – Emirates News Agency, WAM

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CPI in Abu Dhabi up 1.1% in first ten months


posted on 18/11/2013

The inflation rate in consumer prices for the first ten months of 2013 in Emirate of Abu Dhabi was 1.1%, compared with the same period of 2012, as shown by the increase in the CPI to 124.2 points during the first ten months of 2013, up from 122.9 points during the same period of 2012, according to the Statistics Centre - Abu Dhabi (SCAD) The CPI increased by 1.6% in October 2013, compared with the same period of 2012, as shown by the increase in the CPI from 123.7 points in October 2012 to 125.7 points in October 2013.
The CPI decreased by 0.2% in October 2013 compared with September 2013.
This report provides an analysis of the results of the CPI for the month of October 2013 with the base year 2007. In addition, the report provides the results of the CPI by household welfare levels and by household type.
The "Transport" group accounted for the largest rise in the index during the first ten months 2013 compared with the same period of 2012 contributed 25.8% to the rise in consumer prices for the periods compared, with its prices increasing by 3.0%.
The second highest contributor to the overall increase in the CPI over the first ten months of 2013 was the "Food and non-alcoholic beverages" group contributing 21.8% to the change. Rises in the "Food and non-alcoholic beverages" group came as a result of increases in the prices of most subgroups included in this group. The prices of "Vegetables" subgroups rose by 6.7%, "Coffee, tea and cocoa" by 5.7%, "Food products n.e.c." by 4.6%, "Fruits" by 3.3% and "Fish and seafood" by 1.7%.
The "Restaurants and hotels" group, accounting for 18.5% of the increase. This contribution resulted mainly from an increase of 5.0% in the prices of this group The prices of "Clothing and footwear" rose by 2.6% during the first ten months of 2013 compared with the same period of 2012. This group contributed 17.9% of the total increase achieved by all groups.
The "Furnishings, household equipment" group rose by 2.4% and contributed 10.5% of the overall increase occurring during the first ten months of 2013 compared with the same period of 2012.
The "Education" group contributed 9.9% to the rise in consumer prices for the periods compared, with its prices increasing by 3.2%.
Among the main groups that slowed down the rise in consumer prices during the first ten months of 2013 compared with the same period of 2012, was the "Housing, water, electricity, gas and other fuels" group which contributed -11.3%.The prices of this group decreased by 0.3%.
Comparing the CPI of October 2013 with the CPI of October 2012, the average consumer prices increased by 1.6% in October 2013 compared with October 2012, with the CPI at 125.7 points in October 2013, up from 123.7 points in October 2012. 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 October 2013 compared with October 2012, were the "Alcoholic beverages and tobacco" group with a 1.8% increase, followed by "Education" with 3.9% and "Clothing and Footwear" with 3.8%, "Transport" with 2.6%, while "recreation and culture" group decreased by 0.7%.
The average consumer prices increased by 1.6% in October 2013 compared with October 2012, with the CPI at 125.7 points in October 2013, up from 123.7 points in October 2012. 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 October 2013 compared with October 2012, were the "Alcoholic beverages and tobacco" group with a 1.8% increase, followed by "Education" with 3.9% and "Clothing and Footwear" with 3.8%, "Transport" with 2.6%, while "recreation and culture" group decreased by 0.7%.
Comparing the average CPI by household welfare level for the first ten months of 2013 with the same period of 2012 The rise of 1.1% in consumer prices during the first ten months of 2013 compared with the same period in 2012, 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 and middle quintiles. .
Comparing the average CPI by household welfare level for October 2013 with October 2012, the rise in consumer prices in October 2013 by 1.6% compared with October 2012 caused a rise in consumer prices for households in the bottom welfare quintile by 2.1% and top welfare quintile by 1.4% within the same period, also prices increased for households in the middle quintile by 1.6%.
Comparing the average CPI by household type for the first ten months of 2013 with the same period of 2012, the 1.1% rise in consumer prices for the first ten months of 2013 compared with the same period of 2012, pushed up consumer prices for citizen and non-citizen households by 1.1, and share households by 1.6%.
Comparing the average CPI by household type for the month of October 2013 with October 2012, the 1.6% rise in consumer prices in October 2013 compared with October 2012 caused a 1.5% rise in consumer prices for citizen and for non-citizen households during the same period, while prices for share households increased by 2.0%. – Emirates News Agency, WAM
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Dubai CPI up 03% in October


posted on 12/11/2013

Consumer prices in the emirate of Dubai rose 03% on average in October compared to the same month a year ago, Dubai Statistics Centre (DSC) said on Monday.
The rise in CPI (consumer price index) was due to the increase in prices of the housing, water, electricity and gas group by 22%, furniture and household goods by 15%, transport by 14% and hotels and restaurants by 01%.
The DSC said group whose priced decreased were food and soft drinks (44%), miscellaneous goods and services (10%), communications (01%) while prices of other groups remained stable.
The DSC noted that annual average inflation of CPI surged 2.07% in October compared to the same month in 2012.
Consumer prices in Dubai surged 2.67 per cent in Dubai in November on the backdrop of rise in prices of goods and services during the month. Education, clothing and footwear and services of hotels and restaurants turned dearer during the month that pushed overall price index.
However, retail prices declined 0.12 per cent on a month-to-month basis as compared to their level in October. The recently released figures by the Dubai Statistics Centre indicates decline in prices of water, electricity, food, houses and gas.
Prices of food and non-alcohol drinks declined 1.29 per cent given to ease in prices of fish, seafood and vegetables. Similarly, tobacco products, health services and miscellaneous commodities reported a rise of 3.8 per cent, 3.35 per cent and 2.97 per cent during the reporting month.
Prices of furniture, fixtures and house ware rose 2.17 per cent in November while transportation became dearer by 0.49 per cent. Other expenditure groups including entertainment and culture group reported a rise of 0.03 per cent.
Property market continued to remain under pressure and prices of housing materials, services and maintenance declined by 2-5 per cent. – Emirates News Agency, WAM

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Abu Dhabi Inflation at 1.4 per cent y-o-y in Q3 2013: SCAD


posted on 22/10/2013

Consumer prices in the Emirate of Abu Dhabi increased 1.1 per cent over the first three quarters of 2013 compared with the same period in 2012, driven by the rise in the CPI from 122.8 points in the first nine months of 2012 to 124.1 points over the same period of 2013, Statistics Centre - Abu Dhabi (SCAD) revealed on Monday.
SCAD issued its periodic report on the consumer price index (CPI) and the inflation rate in the Emirate of Abu Dhabi for the month of September and the third quarter of 2013. The report analyses the CPI calculations for the periods under review, with the year 2007 fixed as the base year.
Consumer prices in the first nine months of 2013/2012 As SCAD's report reveals, consumer prices increased 1.1 per cent over the first three quarters of 2013 compared with the same period in 2012, as shown by the rise in the CPI from 122.8 points in the first nine months of 2012 to 124.1 points over the same period of 2013.
The single largest rise was recorded in the prices of the "Transport" group, which grew by 3 per cent, accounting for 27.5 per cent of consumer inflation during the period under review.
The "Restaurants and hotels" group grew by 5.3 per cent, contributing the second largest share (20.5 per cent) of the overall increase in consumer prices during the first three quarters of 2013.
The prices of "Furnishings, household equipment and routine household maintenance" rose by 2.7 per cent, contributing 12.2 per cent of the total increase in all groups over the first nine months of 2013.
The prices of the "Food and non-alcoholic beverages" group contributed 19.4 per cent of the overall increase recorded during the period under review, reflecting rises in most of the items of this group: "Vegetable" prices advanced by of 5.5 per cent, "Fruit" by 4.4 per cent, "Coffee, tea and cocoa" by 5.4 per cent, Oils and fats" by 1.7 per cent and "Other food products" by 4.8 per cent.
Among the main groups that slowed down the rise in consumer prices during the first three quarters of 2013 was the "Housing, water, electricity, gas and other fuels" group, which detracted 15.4 per cent from the total growth in all expenditure groups during the aforesaid period as the group's prices declined by 0.4 per cent.
Consumer prices in Q3 2013 As SCAD's report finds, average consumer prices grew by 1.4 per cent in the third quarter of 2013 compared with Q3 2012. The largest individual contributor to this rise was the "Food and non-alcoholic beverages" which accounted for 34.7 per cent of it, due to increases in most of the items falling within this group: the prices of "Fish and seafood" increased by 13.2 per cent, "Vegetables" by 6.6 per cent, "Fruit" by 3.4 per cent, "Coffee, tea and cocoa" by 6.4 per cent, "Oil and fats" by 1.8 and "Other food products" by 5.1.
The next largest contributor to the overall increase in the CPI over the third quarter of 2013 was the "Transport" group, which accounted for 22.4 per cent of the rise in the index, due to increases in the prices of most of its subgroups by 3.3 on average.
The "Clothing and footwear" group accounted for 14.6 per cent of Q3 increase in the CPI, reflecting a rise of 2.6 per cent in the prices of this group.
Consumer prices increased by 1.3 per cent in Q3 2013 compared with Q2 2013. The most significant individual increases were observed in the "Food and non-alcoholic beverages" group (up 4.6 per cent) and the "Restaurants and hotels" group (up 1.6 per cent).
Consumer prices in September 2013/2012 Consumer prices increased by 1.8 per cent on average in September 2013 compared with September 2012, as the CPI advanced to 125.9 points in September 2013, up from 123.7 points in September 2012. This increase in prices reflects the net movement (increases and decreases) in consumer prices during the period under review.
The largest increases in prices during September 2013 compared with September 2012, were "Alcoholic beverages and tobacco" (up 8.5 per cent), "Transport" (up 3.6 per cent) and "Food and non-alcoholic beverages" (up 3.8 per cent). On the other hand, the "Recreation and culture" group edged down 0.8 per cent over the same period.
Consumer prices in September/ August 2013 Average consumer prices increased by 0.8 per cent in September 2013 compared with August 2013. This overall increase in prices between the two months reflects the net movement (increases and decreases) of consumer prices during the periods compared.
The largest increases in consumer prices during September 2013 compared with August 2013 were observed in the "Education" group, which advanced 3.9 per cent, followed by the "Clothing and footwear" group (up 2.0 per cent) and the "Food and non-alcoholic beverages" group (up 1.1 per cent). – Emirates New Agency, WAM

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