Ramadan ends with food prices edging down

Prices down 0.1 per cent in fourth Week of Ramadan

Statistics Centre Abu Dhabi (Scad) issued its fourth weekly report on food prices in the month of Ramadan.

This issue of the report monitors changes in food prices during the fourth week of Ramadan compared with prices levels in the first and third weeks as well as with the week preceding the holy month.

Scad explained that the sales outlets that served as sources of price movements are closed sources adopting fixed prices.

Food prices in week 4 compared with week 3 of Ramadan Scad’s report indicates a drop of 0.1 per cent week over week in the prices of food commodities during the fourth week of the month of Ramadan, due to falls in the prices some expenditure groups including the fruits which retreated by 1.3 per cent, followed by ‘Food products not elsewhere classified’ (down 1.0 per cent) and ‘Milk, cheese and eggs’ (down 0.8 per cent).

On the other hand the same period of comparison saw the prices of the ‘Fish and seafood’ and ‘Vegetables’ advance by 1.3 per cent 0.7 per cent, respectively.

Food prices in week 4 compared with week 1 of Ramadan The Ramadan food prices weekly report also revealed an overall increase of 0.7 per cent in the prices of food commodities during the fourth week of the month of Ramada, compared with the first week of the holy month, reflecting rises in the prices several expenditure subgroups including meat, which increased 4.0 per cent, followed by ‘Sugar, jam, honey, chocolate, and confectionery’ (up 0.9 per cent), ‘Fish and seafood’ (up 0.8 per cent) and ‘Oils and fats’ (up 0.7 per cent).

By contrast, a range of other food products displayed lower prices during the aforesaid comparison period, including ‘Fruits’ (down 3.1 per cent), ‘Food products not elsewhere classified’ (down 1.6 per cent) and ‘Bread and cereals’ (down 1.2 per cent).

Food prices in week 4 of Ramadan compared with the week preceding Ramadan SCAD also reported a rise of 3.3 per cent in food prices during the fourth week of Ramadan compared with the week preceding Ramadan, reflecting increases of: 9.6 per cent in the price of ‘Fish and seafood’, 7.0 per cent in vegetables, 6.6 per cent in the ‘Meat’ group and 6.0 per cent in the ‘Coffee, tea and cocoa’ group.

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