Abu Dhabi inflation up 1.3%, y-o-y for first 7 months of 2012

‘Food and non-alcoholic beverages’ group accounts for largest rise

The Consumer Price Index (CPI) in Abu Dhabi advanced 1.3 per cent to 122.5 points in the first seven months of 2012 compared with 121.0 points over the same period in 2011.

This rise reflects the combined outcome of upward and downward changes in the prices of the various goods and services that compose the consumer basket, according to Statistics Center - Abu Dhabi (Scad).

Scad issued today its periodic report on the CPI and the inflation rate in the Emirate of Abu Dhabi for the month of July and the first seven months 2012.

The report analyses the CPI calculations for the periods under review, with the year 2007 fixed as the base year. It also details CPI results by welfare levels and types of households.

Largest contributors to the CPI rise: The single largest contributor to the rise in consumer prices during the first seven months of 2012 was the ‘Food and non-alcoholic beverages’ group, which accounted for 61.3 per cent of the rise in the index during the aforesaid period, due to increases in the prices of most of the subgroups included in this group, namely, the ‘Meat’ subgroup, which surged by 10.2 per cent, ‘Fish and seafood’ (up 8.4 per cent), ‘Coffee, tea and cocoa’ (up 9.3 per cent), ‘Oils and fats’ (up 6.6 per cent) and ‘Milk, cheese and eggs’ (up 2.8 per cent).

The next largest contributor to the overall y-o-y rise in consumer prices over the first seven months of 2012 was the ‘Restaurants and hotels’ group, which accounted for 44.2 per cent of the increase in the CPI as the group's prices climbed 16.1 per cent.

The ‘Furnishings and household equipment and routine maintenance of houses’ advanced 3.0 per cent y-o-y over the course of the first seven months of 2012, contributing 11.1 per cent of the overall rise in consumer prices between the two periods compared. 

The key increases within this group were recorded in the ‘Glassware, table ware and household items’ and the ‘Goods and services used in routine household maintenance system’ subgroups, which advanced 4.8 per cent and 3.3 per cent, respectively.

Education contributed 12.5 per cent of the y-o-y rise in consumer prices during the first seven months of 2012.

The ‘Transport’ group contributed 6.3 per cent of the rise in consumer prices during the first seven months of 2012, compared with the same period of 2011, reflecting an overall change of 0.8 per cent as a result of a range of mixed changes in the subgroups falling under this expenditure group, with the key rise (0.6 per cent) observed in the ‘Operation of personal transport equipment’ as the prices of Spare parts and accessories of personal transport equipment advanced 6.8 per cent.

Housing group retreats

The main group that slowed down the rise in consumer prices during the first seven months of 2012 compared with the same period of 2011 was ‘Housing, water, electricity, gas and other fuels’ which contributed -38.3 per cent of the overall change in the CPI index, with the average prices of the group falling by 1.3 per cent between the periods compared.

Impact of CPI change in first seven months of 2012, compared with the same period in 2011, by household  shows that costs advanced by 1.5 per cent for national households, 1.0 per cent for non-national households and 1.7 per cent for shared households.

 

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