Food prices see marginal drop

The second week of Ramadan has seen a fall in prices of food items, according to an analysis by the Statistics Centre – Abu Dhabi.

The report is a follow up to a series of reports issued recently by the centre in an effort to monitor the movement of food prices during Ramadan in the interest of the consumer and the community at large.

In this context, the report's findings revealed a fall of 0.60 per cent in the prices of food commodities during the second week of Ramadan, compared to the first week of the month.

This was the result of a drop in the prices of certain items in various sub-groups. For instance, the prices of bread and cereals edged down by 0.17 per cent, fish and seafood by 5.05per cent, pulses by 2.42 per cent, and sugar, jam, honey, chocolate and confectionery by 0.24 per cent, coffee, tea and cocoa by 0.52per cent.

On the other hand, the price of meat rose 0.24 per cent, milk, cheese and eggs 0.35 per cent, oils and fats 0.01 per cent, fruits 0.67 per cent and other items by 0.02 per cent, while the prices of mineral water, soft drinks and various types of fruit juices were generally stable.

The report revealed a drop of 0.21 per cent in the prices of foodstuffs during the second week of Ramadan compared to the week preceding Ramadan.

This resulted from a fall in the prices of various items by different percentages. The prices of fish and seafood declined by 5.31 per cent, fruits by 1.31 per cent, pulses by 0.40 per cent, and coffee, tea and cocoa by 0.42 per cent.

Meanwhile, over the same period, there was a surge in the prices of some other consumer goods, including the prices of bread and cereals by 1.34 per cent, meat by 0.03 per cent, milk, cheese and eggs 0.33 per cent, oils and fat 1.64 per cent sugar, jam, honey, chocolate and confectionery 1.28 per cent, mineral water, soft drinks and fruit juices of various types by 0.35 per cent and other food products by 1.22 per cent.

Analysis also indicated a decline of 0.41 per cent in food prices during the second week of Ramadan, compared to the price levels of last July.

 

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