Abu Dhabi's July inflation at 2.3%

The inflation rate in consumer prices for the first seven months of 2016 was 2.7 percent, compared with the same period of 2015, according to data released by the Statistics Centre - Abu Dhabi (SCAD).
 
The Consumer Price Index (CPI) increased by 2.3 percent in July 2016, compared with July 2015.

However, the index increased by 0.4 percent when compared to June 2016.
 
The Abu Dhabi region contributed 75.4 percent, while the Al-Ain region contributed 21.1 percent and the Al Gharbia region 3.5 percent, according to the figures.
 
The rise in consumer prices for the first seven months compared with the same period in 2015, contributed to an increase of 2.9 percent in consumer prices for households in the bottom welfare level over the same period of comparison.

Consumer prices rose by 2.8 percent and 2.5 percent for households in the middle and the top welfare levels, respectively.
 
Consumer prices increased by 2.3 percent for citizen households, followed by 2.9 percent for non-citizen households and 3.2 percent for share households, the SCAD said.
 
The 'Housing, water, electricity, gas and other fuels' group accounted for the largest rise in the index, contributing 84.0 percent to the change. This contribution resulted from an increase of 6.8 percent in the prices of this group.
 
The ‘Miscellaneous goods and services’ group contributed 7.7 percent to the overall increase in the CPI. Prices in this group increased by 3.0 percent over the same period.
 
Prices of commodities in the ‘Food and beverages’ group, which contributed 0.9 percent to the overall increase in the CPI, rose by 0.2 percent.

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